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Physical Rubber prices witness strength on Monday

06 Aug 2024 Evaluate
Physical Rubber prices witnessed strength on Monday amidst a severe shortage of domestic natural rubber, and with growing expectations of deeper interest rate cuts by the US Federal Reserve starting from September.

Spot prices for RSS-4 variety gained at Rs 235/ kg compared to its previous closing of Rs 231/ kg; while the RSS-5 variety rose at Rs 230/ kg compared to its previous closing of Rs 226/ kg.

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