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MoneyWorks4Me

Physical Rubber prices witness some weakness on Friday

23 Jul 2022 Evaluate
Physical Rubber prices witnessed some weakness on Friday on account of lingering concerns about high inflation and a potential recession globally. Further, persisting concerns over Covid-19 cases in China also adding pressure on rubber prices.

Spot prices for RSS-4 variety declined to Rs 173/ kg compared to its previous closing of Rs 173.50/ kg; while the RSS-5 variety unchanged at its previous closing of Rs 170/ kg.