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Physical Rubber prices remain unchanged on Monday

22 Aug 2023 Evaluate

Physical Rubber prices remained unchanged on Monday on the back of muted demand from consuming industries in the physical market against rising supplies. Meanwhile, the All India Rubber Industry Association (AIRIA) said natural rubber production is expected to increase 5% in 2023-24, from 8 lakh metric ton in the previous fiscal. 

Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 143.50/ kg and Rs 139/ kg respectively.