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Physical Rubber prices witness strength on Friday

03 Aug 2024 Evaluate
Physical Rubber prices witnessed strength on Friday due to a severe shortage of natural rubber. Meanwhile, strong domestic demand with growing optimism on a potential US interest rate reduction by September also kept rubber prices higher. 

Spot prices for RSS-4 variety gained at Rs 230/ kg compared to its previous closing of Rs 227/ kg; while the RSS-5 variety rose at Rs 225/ kg compared to its previous closing of Rs 222/ kg.