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Physical Rubber extends weakness on Wednesday

17 Oct 2024 Evaluate

Physical Rubber extended weakness on Wednesday amidst tepid demand from domestic industrial consumers at prevailing higher rates, but a shortage in the domestic availability of natural rubber has limited further declines in rubber prices. 

Spot prices for RSS-4 variety fell at Rs 198/ kg compared to its previous closing of Rs 200/ kg; while the RSS-5 variety declined at Rs 194/ kg compared to its previous closing of Rs 196/ kg.