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Physical Rubber prices extend weakness on higher imports

17 Feb 2022 Evaluate
Physical Rubber prices extended weakness on Wednesday, pressured by the higher imports, and on mounting stock piles. Moreover, strong dollar and high borrowing costs also curtailed commodity buying. 

Spot prices for RSS-4 variety fell to Rs 161/ kg compared to its previous closing of Rs 162/ kg; while the RSS-5 variety declined to Rs 159/ kg compared to its previous closing of Rs 160/ kg.

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