Physical Rubber prices witnessed improvement on Monday on the back of covering purchases at domestic spot market. Sharp fall in domestic futures with concerns over resurgence of Covid-19 cases in the Country, however, capped further gains in rubber prices. Spot prices for RSS-4 variety gained to Rs 163.50/ kg compared to its previous closing of Rs 163/ kg; while the RSS-5 variety rose to Rs 160/ kg compared to its previous closing of Rs 159/ kg.
In the futures market, May delivery lost to Rs 165.10 compared to its previous closing of Rs 165.23 on the Indian Commodity Exchange Limited (ICEX).