Physical rubber prices showed weakness on Friday

Physical rubber prices showed weakness on Friday amidst scattered transactions in the market. Spot prices for RSS-4 variety declined to Rs 91/ kg compared to its previous closing of Rs 91.50/ kg; while the RSS-5 variety dipped to Rs 87/ kg compared to its previous closing of Rs 87.50/ kg.

In the futures market, contract of February delivery fell to Rs 91.59 compared to its previous closing of Rs 91.66, while March delivery closed at Rs 94.08 compared to its previous close of Rs 93.76 on the National Multi Commodity Exchange (NMCE).