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Physical Rubber extend weakness on Monday

01 Nov 2022 Evaluate
Physical Rubber extended weakness on Monday on account of weak demand at domestic as well as overseas markets. Moreover, worries over ongoing lockdown restrictions in China, rising inflation and interest rate hikes also dented global demand for rubber. 

Spot prices for RSS-4 variety declined to Rs 148.50/ kg compared to its previous closing of Rs 149.50/ kg; while the RSS-5 variety fell to Rs 144.50/ kg compared to its previous closing of Rs 145.50/ kg.

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