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Physical Rubber extend weakness on Tuesday

09 Oct 2024 Evaluate

Physical Rubber extended weakness on Tuesday amidst tepid demand at domestic markets. Although, expectations of further stimulus in China and a shortage of natural rubber checked further falls in rubber prices. 

Spot prices for RSS-4 variety fell at Rs 210/ kg compared to its previous closing of Rs 213/ kg; while the RSS-5 variety declined at Rs 207/ kg compared to its previous closing of Rs 210/ kg.