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Physical Rubber rate witness strength on stringent availability

12 May 2023 Evaluate

Physical Rubber rate witnessed strength on Thursday, kindled by the robust demand from industrial consumers of domestic and international markets. Besides, curtailed production, and stringent availability with supply dip also supported the upward momentum.

Spot prices for RSS-4 variety settled higher at Rs 158.50/kg its previous closing at 157.50/kg; while the RSS-5 variety is settled higher at Rs 155.00/kg its previous closing at of Rs 154.00/ kg.