Physical rubber prices slipped on Thursday basically on buyers’ resistance, though there was no selling pressure on markets as the arrivals remained low. However, the futures markets witnessed some recovery after last sessions decline.
The spot prices for RSS-4 variety closed at Rs190.00/kg compared to its previous closing of Rs191.00/kg,while RSS-5 variety closed at Rs187.00/kg compared to Rs 188.00/kg.
In the futures market, the contract for December delivery increased to Rs 192.60 compared to its previous closing of Rs190.71, while the contract for January delivery closed at Rs 193.68 compared to its previous closing of Rs 192.08 on National Multi Commodity Exchange.
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