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Physical Rubber prices witness strength on Monday

02 Apr 2024 Evaluate
Physical Rubber prices witnessed strength on Monday amid strong demand and worsening shortage in the global market. Rubber prices also improved with hopes that US Federal Reserve would cut interest rates in June.

Spot prices for RSS-4 variety gained at Rs 182.50/ kg compared to its previous closing of Rs 182/ kg; while the RSS-5 variety rose at Rs 179.50/ kg compared to its previous closing of Rs 179/ kg.