Physical rubber prices remain unchanged on Wednesday

Physical rubber prices consolidated on Wednesday after witnessing a sharp fall in previous session. Though, the domestic future prices improved and the global markets too showed sign of recovery after Federal Reserve assured that it would maintain the benchmark interest rate at record low level.

Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 204/kg and Rs 200/kg respectively.

In futures market, the contract of RSS 4 for August delivery improved to Rs 206 compared to its previous closing of Rs 204.37, while the contract for September delivery closed at Rs 204.10 compared to its previous closing of Rs 201.36 on the National Multi Commodity Exchange.