Physical Rubber prices strengthened further on Monday, followed by sharp gains in the domestic futures and global trendsetters. Moreover, rubber prices gained 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 125/ kg compared to its previous closing of Rs 122/ kg; while the RSS-5 variety improved to 122.50/ kg compared to its previous closing of Rs 119.50/ kg.
In the futures market, contract of April delivery improved to Rs 131.71 compared to its previous closing of Rs 126.68, while May delivery closed at Rs 132.40 compared to its previous close of Rs 127.31 on the National Multi Commodity Exchange (NMCE).
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