Physical rubber prices declined on Monday due to lack of genuine buyers in the market. Spot prices for RSS-4 variety declined to Rs 120/ kg compared to its previous closing of Rs 121.50/ kg; while the RSS-5 variety reduced to 118/ kg compared to its previous closing of Rs 119.50/kg.
In the futures market, contract of August delivery dropped to Rs 118.15 compared to its previous closing of Rs 120.57, while September delivery closed at Rs 118.05 compared to its previous close of Rs 119.79 on the National Multi Commodity Exchange (NMCE).
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