Physical Rubber prices remained unchanged on Tuesday, driven by muted demand from consuming industries and rising supplies from major producing belts at physical market. Meanwhile, the All India Rubber Industry Association (AIRIA) said natural rubber production is expected to increase 5% in 2023-24, from 8 lakhs metric ton in the previous fiscal. Meanwhile, Beijing's stimulus measures to revive Chinese economic growth supported rubber prices globally.
Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 148.50/ kg and Rs 145/ kg, respectively.
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