Physical Rubber prices witnessed strength on Monday as tyre manufacturing companies set to resume procurement of the material from the domestic market, although concerns about aggressive interest rate hikes and potential global recession fears capped further gains in rubber prices.
Spot prices for RSS-4 variety gained to Rs 151/ kg compared to its previous closing of Rs 150/ kg; while the RSS-5 variety rose to Rs 147/ kg compared to its previous closing of Rs 146.50/ kg.