Physical Rubber prices extended weakness on Tuesday on account of buyer resistance in the market. However, renewed optimism on global economy with Covid-19 vaccine rollouts and progress in a huge US stimulus package, capped some losses.
Spot prices for RSS-4 variety declined to Rs 159.50/ kg compared to its previous closing of Rs 160/ kg; while the RSS-5 variety fell to Rs 154/kg compared to its previous closing of Rs 155/ kg. In the futures market, March delivery gained to Rs 161.60 compared to its previous closing of Rs 161.40 on the Indian Commodity Exchange Limited (ICEX).
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