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Physical Rubber prices witness strength on Wednesday

08 Aug 2024 Evaluate
Physical Rubber prices witnessed strength on Wednesday amidst a severe shortage of domestic natural rubber. Meanwhile, strong domestic demand with growing expectations of deeper interest rate cuts by the US Federal Reserve, also supported sentiments.

Spot prices for RSS-4 variety gained at Rs 241/ kg compared to its previous closing of Rs 238/ kg; while the RSS-5 variety rose at Rs 236/ kg compared to its previous closing of Rs 233/ kg.

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