Physical rubber prices closed weak on Friday. Sharp declines in domestic and international futures and the overall weakness in the Asian stock markets kept the commodity under pressure on late trades.
Spot prices for RSS- 4 variety declined to Rs. 183.50/ kg compared to its previous closing of Rs. 186/ kg, while RSS- 5 variety closed at Rs. 177/ kg compared to its previous closing of Rs. 178/ kg.
In the futures market, contract of November delivery slipped to Rs. 180.50 compared to its previous closing of Rs. 184.03, while December delivery closed at Rs. 181.50 compared to its previous closing of Rs. 184.17 on the National Multi Commodity Exchange (NMCE).
