Physical rubber prices improved further on Tuesday. Supply concerns continued to drive the market sentiments despite a weak closing in domestic futures on the commodity futures market.
Spot prices for RSS-5 variety improved to Rs 165/kg compared to its previous closing of Rs 164/ kg, while RSS-5 variety closed at Rs 161.50/ kg compared to its previous closing of Rs 161/ kg.
In the futures market, contract of April delivery slipped to Rs 161 compared to its previous closing of Rs 161.16, while May delivery closed at Rs 162.35 compared to its previous closing of Rs 163.15 on the National Multi Commodity Exchange (NMCE).
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