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Physical Rubber prices witness weakness on Thursday

16 Dec 2022 Evaluate
Physical Rubber prices witnessed weakness on Thursday due to sluggish demand globally. Moreover, growing worries over surging Covid-19 infections in China and a potential global recession also adding more pressure on rubber prices.

Spot prices for RSS-4 variety declined to Rs 140.50/ kg compared to its previous closing of Rs 141.50/ kg; while the RSS-5 variety fell to Rs 137.50/ kg compared to its previous closing of Rs 138.50/ kg.