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Physical Rubber prices witness some weakness on Monday

13 Aug 2024 Evaluate
Physical Rubber prices witnessed some weakness on Monday on weak demand with caution ahead of upcoming data from the United States and China, the world’s two largest economies. However, shortage of supplies and expectations of deeper interest rate cuts by the US Federal Reserve have limited further falls in rubber prices.

Spot prices for RSS-4 variety fell at Rs 246/ kg compared to its previous closing of Rs 247/ kg; while the RSS-5 variety unchanged at its previous closing of Rs 243/ kg.

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