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30-Jan2019

Physical Rubber prices witness weakness on Tuesday

Physical Rubber prices showed some weakness on Tuesday on account of buyer resistance in the market following the sharp declines in global trendsetters. Spot prices for RSS-4 variety fell to Rs 124/kg compared to its previous closing of Rs 124.50/kg; while the RSS-5 variety declined to Rs 117.50/kg compared to its previous closing of Rs 118.50/kg.

In the futures market, February delivery rose to Rs 122.67 compared to its previous closing of Rs 121.42, while March delivery was at Rs 124.84 compared to its previous close of Rs 123.19 on the Indian Commodity Exchange Limited (ICEX).


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