Physical rubber prices improved further on Monday taking cue from the gains in the domestic and international futures. Some fresh buying appeared on expectation of revision in quotes from the tyre sector.
Spot prices for RSS-4 variety closed at Rs 213/kg compared to its previous closing of Rs 210/kg, while the RSS-5 variety closed at Rs 210/kg compared to its previous closing of Rs 208/kg.
In the futures market, the contract of RSS-4 for July delivery closed at Rs 214.48 compared to its previous closing of Rs 208.38, while the contract for August delivery closed at Rs 216.98 compared to its previous closing of Rs 210.03 on the National Multi Commodity Exchange.
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