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Physical Rubber prices witness some strength on Saturday

26 Sep 2022 Evaluate
Physical Rubber prices witnessed some strength on Saturday as tyre manufacturing companies set to resume procurement of the material from the domestic market, but concerns about interest rate hikes by the US Federal Reserve and potential global recession fears have pressurizing rubber prices globally.

Spot prices for RSS-4 variety unchanged at its previous closing of Rs 148/ kg; while the RSS-5 variety gained to Rs 145/ kg compared to its previous closing of Rs 144/ kg.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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