Physical Rubber prices extended weakness on Friday due to buyer resistance and as major consuming industries stayed back possibly to avoid a sharp rise in prices. Although, increased budgetary allocation to Rubber Board has cheered up the sector, and thereby will increase demand for the commodity.
Spot prices for RSS-4 variety fell to Rs 165/ kg compared to its previous closing of Rs 166/ kg; while the RSS-5 variety declined to Rs 163/ kg compared to its previous closing of Rs 164/ kg.
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