Skip to main content

MoneyWorks4Me

Physical Rubber prices witness strength on Friday

01 Jun 2024 Evaluate
Physical Rubber prices witnessed strength on Friday amidst strong demand and supply constraints in the market, while a modest rise in US inflation in April spurred hopes of interest rates cuts by the US Federal Reserve.

Spot prices for RSS-4 variety gained at Rs 192/ kg compared to its previous closing of Rs 191/ kg; while the RSS-5 variety rose at Rs 188/ kg compared to its previous closing of Rs 187/ kg.