Physical Rubber prices extended weakness on Tuesday, even as sustained demand from the north Indian buyers supported rubber prices and capped its fall. Spot prices for RSS-4 variety declined to Rs 167.50/ kg compared to its previous closing of Rs 168.50/ kg; while the RSS-5 variety fell to Rs 165/ kg compared to its previous closing of Rs 166/ kg.
In the futures market, July delivery lost to Rs 172.40 compared to its previous closing of Rs 172.77 on the Indian Commodity Exchange Limited (ICEX).