Physical Rubber prices showed some weakness on Monday due to buyer resistance in the market. Further, extended losses in TOCOM futures as a rise in novel corona virus cases outside China too added pressure on rubber prices. Spot prices for RSS-4 variety remained unchanged at Rs 134.50/kg; while the RSS-5 variety declined to 128.50/ kg compared to its previous closing of Rs 129/ kg.
In the futures market, March delivery gained to Rs 133.41 compared to its previous closing of Rs 132.84, while April delivery was at Rs 136.29 compared to its previous close of Rs 135.84 on the Indian Commodity Exchange Limited (ICEX).
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