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Physical Rubber prices witness weakness on Wednesday

24 Nov 2022 Evaluate
Physical Rubber prices witnessed weakness on Wednesday amid sluggish demand for the commodity at domestic as well as overseas markets. Moreover, worries over a potential global recession and China’s worst Covid-19 outbreak dampened rubber prices globally. 

Spot prices for RSS-4 variety declined to Rs 147.50/ kg compared to its previous closing of Rs 148/ kg; while the RSS-5 variety fell to Rs 144/ kg compared to its previous closing of Rs 144.50/ kg.

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