Physical Rubber prices witnessed weakness on Wednesday due to buyer resistance in the market following worries of accelerated spread of Omicron corona-virus variant, while profit booking at higher levels also weighed down rubber prices. Though, unexpected drop in arrivals in the market capped further fall in rubber prices.
Spot prices for RSS-4 variety fell to Rs 165.50/ kg compared to its previous closing of Rs 166.50/ kg; while the RSS-5 variety declined to Rs 161.50/ kg compared to its previous closing of Rs 162.50/ kg.
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