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Physical Rubber prices witness improvement on Tuesday

23 Mar 2022 Evaluate

Physical Rubber prices witnessed improvement on Tuesday due to covering purchases at lower levels in anticipation of a moderate recovery in RSS grades this week. Moreover, lower arrivals in the markets also supported upside in rubber prices.

Spot prices for RSS-4 variety finished higher at Rs 172/ kg from its previous closing of Rs 171/ kg; while the RSS-5 variety gained to Rs 169.50/ kg compared to its previous closing of Rs 169/ kg.