Physical Rubber prices showed weakness on Monday due to buyer resistance in the market tracking weakness in the global market prices. Further, hopes of rising arrivals in the coming days also weighed on rubber prices. Moreover, falling crude oil prices and surging corona virus cases also dented outlook for the commodity.
Spot prices for RSS-4 variety declined to 162/ kg compared to its previous closing of Rs 162.50/ kg; while the RSS-5 variety fell to 153/ kg compared to its previous closing of Rs 154.50/ kg.