Physical rubber prices improved on Monday following fresh buying and short covering, though the market lost its initial strength partially during closing hours tracking the overall declines on the commodity futures market.
Spot prices for RSS-4 variety improved to Rs 162.50/ kg compared to its previous closing of Rs 162/ kg, while RSS-5 variety closed at Rs 157/ kg compared to its previous closing of Rs 156/ kg.
In the futures market, contract of January delivery weakened to Rs 164.58 compared to its previous closing of Rs 166.20, while February delivery closed at Rs 167.19 compared to its previous closing of Rs 168.66 on the National Multi Commodity Exchange (NMCE).
