Physical Rubber prices extended gains on Tuesday amid fresh buying in the market. Moreover, rising crude oil prices also supported rubber prices. Although weak closing in overseas markets capped some gains in rubber prices.
Spot prices for RSS-4 variety rose to Rs 171/kg compared to its previous closing of Rs 170/kg; while the RSS-5 variety gained to Rs 168/kg compared to its previous closing of Rs 166/kg. In the futures market, April delivery gained to Rs 169.40 compared to its previous closing of Rs 168.67 on the Indian Commodity Exchange Limited (ICEX).
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