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MoneyWorks4Me

Physical Rubber prices witness some strength on Tuesday

04 Jan 2023 Evaluate
Physical Rubber prices witnessed some strength on Tuesday due to improved demand from industrial buyers. However, a massive surge in Covid cases in China and fears of a global recession capped further gains in rubber prices.

Spot prices for RSS-4 variety unchanged at its previous closing of Rs 137.50/ kg; while the RSS-5 variety rose to Rs 133/ kg compared to its previous closing of Rs 132.50/ kg.