Physical rubber prices made some recovery on Thursday supported by covering purchases at lower levels. Though, the overall trend remained mixed but the gains in domestic as well as international futures helped the spot prices to recover from the last session’s fall.
Spot prices for RSS-4 variety closed at Rs 194/kg compared to its previous closing of Rs 193.50/kg; while the RSS-5 variety closed at Rs 193/kg compared to its previous closing of Rs 192/kg.
In the futures market, the contract of RSS 4 for May delivery rose to Rs 191.29 compared to its previous closing of Rs 190.60, while the contract of June delivery closed at Rs 197.63 compared to its previous closing of Rs 195.99 on the National Multi Commodity Exchange.
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