Physical rubber prices slipped further on Wednesday. Declines in the domestic and international futures and the absence of buyers continued to depress the local sentiments.
Spot prices for RSS-4 variety declined to Rs 160/ kg compared to its previous closing of Rs 162/ kg, while RSS-5 variety closed at Rs 157/ kg compared to its previous closing of Rs 158/ kg.
In the futures market, contract of May delivery declined to Rs 156 compared to its previous close of Rs 159.08, while June delivery closed at Rs 155.78 compared to its previous closing of Rs 157.89 on the National Multi Commodity Exchange (NMCE).
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