Physical Rubber prices witnessed some strength on Wednesday, supported by the uptick in demand outlook from tyre industry in line with firmer international rates. However, sluggish trend in domestic futures on MCX some gains.
Spot prices for RSS-4 variety rose to Rs 171.00 /kg compared to its previous closing of Rs 170.50/kg; while the RSS-5 variety rose to Rs 168.50/kg compared to its previous closing of Rs 168.00/kg.
In the futures market, April delivery down by 0.78% to Rs 170.05/kg compared to its previous closing of Rs 171.39/kg on the Indian Commodity Exchange Limited (ICEX).