Physical Rubber prices extended weakness on Thursday amid weak demand at domestic as well as overseas markets following tightening Covid-19 curbs in China, while raising fears of more interest rate hikes by the US Federal Reserve also adding downward pressure on rubber prices globally.
Spot prices for RSS-4 variety declined to Rs 153/ kg compared to its previous closing of Rs 153.50/ kg; while the RSS-5 variety fell to Rs 149/ kg compared to its previous closing of Rs 150/ kg.