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Physical Rubber prices witness improvement on Wednesday

31 Mar 2022 Evaluate

Physical Rubber prices witnessed improvement on Wednesday due to increased demand despite rumors that there will not be any payment against fresh purchases and lifting of stocks till the end of the current financial year. While rising crude oil prices also supporting the upside in rubber prices.

Spot prices for RSS-4 variety rose to Rs 174.50/ kg compared to its previous closing of Rs 174/ kg; while the RSS-5 variety gained to Rs 172/ kg compared to its previous closing of Rs 171.50/ kg.