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Physical Rubber prices extend strength on Thursday

07 Oct 2022 Evaluate
Physical Rubber prices extended strength on Thursday on account of firm demand as tyre manufacturing companies set to resume procurement of the material from the domestic market, although potential global recession fears limited further gains in rubber prices.

Spot prices for RSS-4 variety gained to Rs 153/ kg compared to its previous closing of Rs 152/ kg; while the RSS-5 variety rose to Rs 150/ kg compared to its previous closing of Rs 148/ kg.