Physical Rubber prices witnessed some strength on Saturday as tyre manufacturing companies set to resume procurement of the material from the domestic market, but concerns about interest rate hikes by the US Federal Reserve and potential global recession fears have pressurizing rubber prices globally.
Spot prices for RSS-4 variety unchanged at its previous closing of Rs 148/ kg; while the RSS-5 variety gained to Rs 145/ kg compared to its previous closing of Rs 144/ kg.