Physical rubber prices declined on Wednesday due to buyer resistance in the market following the sharp declines in domestic futures on the NMCE. Spot prices for RSS-4 variety declined to Rs 118/ kg compared to its previous closing of Rs 118.50/ kg; while the RSS-5 variety reduced to 113/ kg compared to its previous closing of Rs 114/kg.
In the futures market, contract of August delivery weakened to Rs 113.11 compared to its previous closing of Rs 116.39, while September delivery closed at Rs 115.22 compared to its previous close of Rs 116.78 on the National Multi Commodity Exchange (NMCE).
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