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Physical Rubber prices extend weakness on Saturday

06 Dec 2021 Evaluate
Physical Rubber prices extended weakness on Saturday as the favourable weather conditions with the dip in rains ignited hopes for more supplies and good production from the cultivating belts. Additionally, curtailed spot demand due to concerns over the Omicron variant also weighed down the rubber prices.

Spot prices for RSS-4 variety shrunk to 186/ kg compared to its previous closing of Rs 187/ kg; while the RSS-5 variety narrowed to 183/ kg compared to its previous closing of Rs 184/ kg.

In the futures market, December delivery gained by 0.14% to Rs 188.50 compared to its previous closing of Rs 188.23 on the Indian Commodity Exchange Limited (ICEX).

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