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Physical Rubber prices witness some gains on Tuesday

24 Mar 2021 Evaluate

Physical Rubber prices witnessed some gains on Tuesday, tracking rally in the global natural rubber market following Chinese demand. Though, weakness in domestic futures and buyer resistance in the market capped the gains.

Spot prices for RSS-4 variety remained unchanged at 169/kg; while the RSS-5 variety gained to Rs 165.50/kg compared to its previous closing of Rs 165/ kg. In the futures market, April delivery fell to Rs 169 compared to its previous closing of Rs 169.66 on the Indian Commodity Exchange Limited (ICEX).

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