Physical Rubber prices showed weakness on Wednesday, as speculators cut bets amid easing demand at domestic spot markets. Though, ongoing supply crunch in the market supported rubber prices and capped its fall. Spot prices for RSS-4 variety declined to 133.50/ kg compared to its previous closing of Rs 134/ kg; while the RSS-5 variety fell to 130.50/ kg compared to its previous closing of Rs 131/ kg.
In the futures market, March delivery gained to Rs 135 compared to its previous closing of Rs 134.11 on the Indian Commodity Exchange Limited (ICEX).
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