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Physical Rubber prices extend weakness on Thursday

08 Apr 2022 Evaluate

Physical Rubber prices extended weakness on Thursday due to sluggish demand at the domestic spot market. Although, rising crude oil prices capped further decline in rubber prices.

Spot prices for RSS-4 variety fell to 172/ kg compared to its previous closing of Rs 173.50/ kg; while the RSS-5 variety declined to 169/ kg compared to its previous closing of Rs 171/ kg.