Physical rubber turned weak on Monday after consolidating in last couple of days. The weakness in international and domestic futures weighed on the prices. The consuming industries stayed away from the markets and the prices moderated lacking buyers also there was impact of a hartal on the commodity.
In the spot market in Kottayam RSS-5 variety closed at Rs 209/kg compared to its previous closing of Rs 210/kg.
In futures market the contract of RSS-4 for October delivery declined to Rs 215.50 compared to its previous closing of Rs 218.13, while the contract of November delivery closed at Rs 214.02 compared to its previous closing of Rs 216.94 on the National Multi Commodity Exchange.
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