Physical Rubber prices ruled firm on Monday as the market regained strength on enquiries from the tyre sector while it continued to experience acute shortage of the raw material. Spot prices for RSS-4 variety jumped to 114/ kg compared to its previous closing of Rs 113/ kg; while the RSS-5 variety improved to 111.50/ kg compared to its previous closing of Rs 111/ kg.
In the futures market, contract of April delivery improved to Rs 117.66 compared to its previous closing of Rs 116.61, while May delivery closed at Rs 119.01 compared to its previous close of Rs 118.39 on the National Multi Commodity Exchange (NMCE).
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