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Physical Rubber prices witness improvement on Tuesday

07 Jul 2021 Evaluate

Physical Rubber prices witnessed improvement on Tuesday supported by strong domestic demand. Although, the association of natural rubber producing countries (ANRPC) is expecting a weak demand for rubber in India and the Asean region in the short term on slow rate of Covid vaccinations. Spot prices for RSS-4 variety rose to Rs 166.50/ kg compared to its previous closing of Rs 166/ kg; while the RSS-5 variety gained to Rs 163.50/ kg compared to its previous closing of Rs 163/ kg.

In the futures market, July delivery fell to Rs 172.10 compared to its previous closing of Rs 172.45 on the Indian Commodity Exchange Limited (ICEX).


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