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Physical Rubber prices extend weakness on Tuesday

21 Dec 2022 Evaluate
Physical Rubber prices extended weakness on Tuesday due to sluggish demand globally following concerns over impact of surging Covid-19 infections in China. Meanwhile, India aims to implement quality control measures for rubber industry by next year.

Spot prices for RSS-4 variety fell to Rs 139/ kg compared to its previous closing of Rs 139.50/ kg; while the RSS-5 variety declined to Rs 136/ kg compared to its previous closing of Rs 136.50/ kg.