Physical rubber prices declined further on Thursday tailing the weakness in the futures market. Buyers were unwilling to go for longer bet as the global cues too were not very optimistic, on the contrary the wide gap between the domestic and international prices led to selling in the local markets.
The physical rubber prices for RSS-4 variety closed at Rs 192.50/kg compared to its previous closing of Rs 195.00/kg, while the RSS-5 variety closed at Rs 187.00/kg compared to its previous closing of Rs 190.00/kg.
In the futures market, the contract of RSS-4 for January delivery closed at Rs 193.50 compared to its previous closing of Rs 195.60, while the contract for February delivery closed at Rs 196.50 compared to its previous closing of Rs 198.04 on National Multi Commodity Exchange.
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