Physical rubber prices declined on Wednesday due to lack of genuine buyers at higher levels following the declines in the domestic futures on the NMCE.
Spot prices for RSS-4 variety declined to Rs 144/ kg compared to its previous closing of Rs 144.50/ kg, while RSS-5 variety closed at Rs 138/ kg compared to its previous close of Rs 139/ kg.
In the futures market, contract of July delivery weakened to Rs 143.55 compared to its previous closing of Rs 145.50, while August delivery closed at Rs 143.35 compared to its previous close of Rs 145.93 on the National Multi Commodity Exchange (NMCE).
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