Physical rubber prices turned weak on Tuesday, but regained the initial losses partially in tune with the late gains on the commodity futures market.
Spot prices for RSS-4 variety declined to Rs 156.50/ kg compared to its previous closing of Rs 157/ kg, while RSS-5 variety closed at Rs 151.50/ kg compared to its previous closing of Rs 152/ kg.
In the futures market, contract of March delivery improved marginally to Rs 157.89 compared to its previous closing of Rs 157.10, while April delivery closed at Rs 162.45 compared to its previous closing of Rs 161.28 on the National Multi Commodity Exchange (NMCE).
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