Physical Rubber prices witnessed some weakness on Friday amid tepid demand at domestic as well as overseas markets, while prospect of further interest rate hikes by US Fed, a weaker Chinese economy and fear of a global recession also added pressure on rubber prices globally.
Spot prices for RSS-4 variety declined to Rs 150/ kg compared to its previous closing of Rs 151/ kg; while the RSS-5 variety unchanged at its previous closing of Rs 145/ kg.