Physical rubber prices showed weakness on Tuesday due to lack of quantity buyers in the local markets following the overall declines in the domestic and global rubber futures. Spot prices for RSS-4 variety dropped to Rs 101/ kg compared to its previous closing of Rs 102/ kg; while the RSS-5 variety dipped to Rs 99/ kg compared to its previous closing of Rs 99.50/ kg.
In the futures market, contract of January delivery declined to Rs 99.98 compared to its previous closing of Rs 102, while February delivery closed at Rs 100.11 compared to its previous close of Rs 103.47 on the National Multi Commodity Exchange (NMCE).
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