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Physical Rubber prices remain unchanged on Tuesday

24 May 2023 Evaluate
Physical Rubber prices remained unchanged on Tuesday on demand concerns with expectations that the US central bank will keep interest rates higher for longer this year, while global economic slowdown fears loom. At the same time, India’s natural rubber production exceeded 800,000 tons for the first time in a decade. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 160/ kg and Rs 157/ kg respectively.