Physical rubber prices declined on Monday following sharp declines in the global trendsetters and the overall weakness in domestic futures on the National Multi Commodity Exchange.
Spot prices for RSS-4 variety declined to Rs 124/ kg compared to its previous closing of Rs 126/ kg, while RSS-5 variety closed at Rs 116/ kg compared to its previous close of Rs 116.50/ kg.
In the futures market, contract of October delivery surrendered to Rs 117.75 compared to its previous close of Rs 120.61, while November delivery closed at Rs 117.60 compared to its previous closing of Rs 120.44 on the National Multi Commodity Exchange (NMCE).
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