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Physical Rubber prices extend weakness on Wednesday

12 Dec 2024 Evaluate
Physical Rubber prices extended weakness on Wednesday due to sluggish demand in the domestic spot markets, while investors are focusing to an important economic meeting in China. However, some losses were limited by China’s recent announcement that it will ease monetary policy and adopt a proactive fiscal policy to propel growth next year.

Spot prices for RSS-4 variety fell at Rs 191/ kg compared to its previous closing of Rs 193/ kg; while the RSS-5 variety declined at Rs 187/ kg compared to its previous closing of Rs 189/ kg.

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