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Physical Rubber extends weakness on Saturday

21 Oct 2024 Evaluate
Physical Rubber extended weakness on Saturday amidst sluggish demand from domestic industrial consumers in spite of shortage in the domestic availability of natural rubber. Moreover, concerns over China's economic recovery and its impact on global demand also dampened domestic prices. 

Spot prices for RSS-4 variety fell at Rs 191/ kg compared to its previous closing of Rs 194/ kg; while the RSS-5 variety declined at Rs 187/ kg compared to its previous closing of Rs 190/ kg.

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