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Physical Rubber prices witness strength on Saturday

05 Aug 2024 Evaluate
Physical Rubber prices witnessed strength on Saturday amidst a severe shortage of natural rubber in domestic market. Meanwhile, strong demand and growing optimism on a potential US interest rate reduction by September, have also kept rubber prices higher. 

Spot prices for RSS-4 variety gained at Rs 231/ kg compared to its previous closing of Rs 230/ kg; while the RSS-5 variety rose at Rs 226/ kg compared to its previous closing of Rs 225/ kg.

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