Physical rubber prices improved on Tuesday

Physical rubber prices improved on Tuesday, mainly on covering purchases at lower levels.

Spot prices for RSS-4 variety improved to Rs 125/ kg compared to its previous closing of Rs 123/ kg, while RSS-5 variety closed at Rs 116/ kg compared to its previous close of Rs 115/ kg.

In the futures market, contract of October delivery declined to Rs 118.20 compared to its previous closing of Rs 121.52, while November delivery closed at Rs 118.20 compared to its previous close of Rs 121.68 on the National Multi Commodity Exchange (NMCE).