Physical rubber prices improved on Tuesday on the back of covering purchase and tailing the gains in the futures market. The global markets remained closed, unable to give any cue to the domestic rubber and hence the traders opted to remain on sidelines.
Spot prices for RSS-4 variety closed at Rs 195/kg compared to its previous closing of Rs 194/kg; while the RSS-5 variety closed at Rs 190/kg compared to its previous closing of Rs 189/kg.
In the futures market, the contract of RSS-4 for January delivery closed at Rs 199 compared to its previous closing of Rs 194.35, while the contract for February delivery closed at Rs 201.85 compared to its previous closing of Rs 197.28 on National Multi Commodity Exchange.
