Physical rubber prices declined on Monday due to lack of enquiries from the tyre sector, though lower arrivals in the local trading houses capped some losses in rubber prices to some extent.
Spot prices for RSS-4 variety declined to Rs 145/ kg compared to its previous closing of Rs 145.50/ kg, while RSS-5 variety closed at Rs 141/ kg compared to its previous close of Rs 141.50/ kg.
In the futures market, contract of July delivery increased to Rs 144.20 compared to its previous closing of Rs 144.04, while August delivery closed at Rs 143.10 compared to its previous close of Rs 142.60 on the National Multi Commodity Exchange (NMCE).
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