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Physical Rubber prices witness strength on Wednesday

07 Nov 2024 Evaluate
Physical Rubber prices witnessed strength on Wednesday amidst a severe shortage of domestic natural rubber and potential stimulus announcements from China. Moreover, firm domestic demand has also helped drive up rubber prices. 

Spot prices for RSS-4 variety gained at Rs 181/ kg compared to its previous closing of Rs 180/ kg; while the RSS-5 variety rose at Rs 177/ kg compared to its previous closing of Rs 176/ kg.