Physical rubber prices declined further on Tuesday. Marginal gains in domestic futures failed to cheer the local traders and the prices lost further on buyer resistance.
Spot prices for RSS-4 variety declined to Rs 158/kg compared to its previous closing of Rs 159/ kg, while RSS-5 variety closed at Rs 152.50/ kg compared to its previous closing of Rs 153/ kg.
In the futures market, contract of February delivery improved to Rs 157.39 compared to its previous closing for Rs 156.76, while March delivery closed at Rs 159.40 compared to its previous closing of Rs 158.94 on the National Multi Commodity Exchange (NMCE).
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