MoneyWorks4Me

Physical Rubber prices witness some improvement on Wednesday

24 Mar 2022 Evaluate

Physical Rubber prices witnessed some improvement on Wednesday due to covering purchases at lower levels, despite rumours that there will not be any payment against fresh purchases and lifting of stocks till the end of the current financial year. Further, lower arrivals also supported upside in rubber prices.

Spot prices for RSS-4 variety unchanged at its previous closing of Rs 172/ kg; while the RSS-5 variety gained to Rs 170/ kg compared to its previous closing of Rs 169.50/ kg.

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