Physical Rubber prices witnessed strength on Wednesday on account of improved demand with data showed Natural rubber consumption registered a 7.3% YoY increase in February. However, some gains were limited on expectations of an imminent peak in the US interest rates.
Spot prices for RSS-4 variety rose to Rs 151/ kg compared to its previous closing of Rs 150.50/ kg; while the RSS-5 variety gained to Rs 149/ kg compared to its previous closing of Rs 148.50/ kg.