Physical rubber prices strengthened further on Thursday after making a good bounce back in previous session. Fresh buying and short covering helped the spot prices move higher while the future prices weakened slightly, though the volume remained low.
Spot prices for RSS-4 variety closed at Rs 210/kg compared to its previous closing of Rs 209.50/kg, while RSS-5 variety closed at Rs 208/kg compared to its previous closing of Rs 207/kg.
In the futures market, the contract of RSS-4 for July delivery closed at Rs 209.03 compared to its previous closing of Rs 209.72, while the contract for August delivery closed at Rs 210.40 compared to its previous closing of Rs 210.93 on the National Multi Commodity Exchange.
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