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Physical Rubber prices witness improvement on Tuesday

24 Feb 2021 Evaluate

Physical Rubber prices witnessed improvement on Tuesday, tracking the overall gains in the major overseas markets and domestic futures. Further, dip in arrivals and rising oil prices too supported rubber prices. Moreover, renewed optimism on global economy also kept sentiments positive.

Spot prices for RSS-4 variety rose to Rs 160.50/ kg compared to its previous closing of Rs 160/ kg; while the RSS-5 variety gained to Rs 155.50/ kg compared to its previous closing of Rs 155/ kg. In the futures market, March delivery gained to Rs 162.10 compared to its previous closing of Rs 162.08 on the Indian Commodity Exchange Limited (ICEX).

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