Physical rubber prices have once again took the route to south on Monday, though the start was good and till noon the trade remained steady but later it lost ground on buyer resistance following the declines in the domestic and international futures.
Spot prices for RSS-4 variety closed at Rs 190.00/kg compared to its previous closing of Rs 192.00/kg, while the RSS-5 variety closed unchanged at Rs 188.00/kg.
In the futures market, the contract of RSS-4 for December delivery closed at Rs 188.85 compared to its previous closing of Rs 195.59, while the contract for January delivery closed at Rs 191.01 compared to its previous closing of Rs 197.73 on National Multi Commodity Exchange.
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