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Physical Rubber prices witness improvement on Monday

27 Apr 2021 Evaluate

Physical Rubber prices witnessed improvement on Monday on the back of covering purchases at domestic spot market. Sharp fall in domestic futures with concerns over resurgence of Covid-19 cases in the Country, however, capped further gains in rubber prices. Spot prices for RSS-4 variety gained to Rs 163.50/ kg compared to its previous closing of Rs 163/ kg; while the RSS-5 variety rose to Rs 160/ kg compared to its previous closing of Rs 159/ kg.

In the futures market, May delivery lost to Rs 165.10 compared to its previous closing of Rs 165.23 on the Indian Commodity Exchange Limited (ICEX).

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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