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Physical Rubber prices witness weakness on Friday

17 Aug 2024 Evaluate
Physical Rubber prices witnessed weakness on Friday due to an acute shortage of natural rubber with domestic production falling short of demand by around 5.5 lakh ton. However, some falls were limited by growing expectations for an upcoming interest-rate cut by the US Federal Reserve in September. 

Spot prices for RSS-4 variety fell at Rs 239/ kg compared to its previous closing of Rs 241/ kg; while the RSS-5 variety declined at Rs 234/ kg compared to its previous closing of Rs 237/ kg.

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