Physical Rubber prices witnessed improvement on Wednesday tracking firm trend in the overseas markets, while short supplies in the domestic market also supporting prices. Meanwhile, Rubber Board is aiming at a four-fold growth in the rubber goods export from India in the next 25 years from the current earnings of Rs 25,000 crore. However, fear and anxiety over spreading of Omicron variant across the world limited the gains in rubber prices.
Spot prices for RSS-4 variety gained to Rs 161/ kg compared to its previous closing of Rs 160/ kg; while the RSS-5 variety rose to Rs 157/ kg compared to its previous closing of Rs 156/ kg.
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