Physical Rubber prices showed improvement on Monday, supported by firm demand from bulk buyers in the market. Further, optimism for a swift global economic recovery and US stimulus package too supported rubber prices. Spot prices for RSS-4 variety gained to 153/ kg compared to its previous closing of Rs 152/ kg; while the RSS-5 variety rose to 144/ kg compared to its previous closing of Rs 142/ kg.
In the futures market, February delivery gained to Rs 156.20 compared to its previous closing of Rs 155.54 on the Indian Commodity Exchange Limited (ICEX).