Physical Rubber prices extended weakness on Thursday amidst profit booking on caution after US President Donald Trump has issued an executive order imposing reciprocal tariffs ranging from 10% to 41% on imports from more than 70 countries, in which India will have to pay a 25% tariff effective 7 days from now.
Spot prices for the RSS-4 variety fell at Rs 207/ kg compared to its previous closing of Rs 209/ kg; while the RSS-5 variety declined at Rs 203/ kg compared to its previous closing of Rs 205/ kg.