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Physical Rubber prices witness weakness on Thursday

19 Apr 2024 Evaluate

Physical Rubber prices witnessed weakness on Thursday due to sluggish demand at domestic markets. Moreover, escalating conflict in the Middle East also dampened sentiments. Although, worsening shortages in the global market limited further falls in rubber prices.

Spot prices for RSS4 variety declined to Rs 181/ kg compared to its previous closing of Rs 182/ kg; while the RSS5 variety fell to Rs 178/ kg compared to its previous closing of Rs 179/ kg.

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