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Spot rubber was weak on Tuesday. Sentiments remained under pressure following the declines in domestic futures and the widening gap between the local and international prices. RSS 4 surrendered to ₹112 (₹113) a kg, according to traders.
The grade dropped to ₹112.50 (₹113) and ₹109.50 (₹110) respectively, according to the Rubber Board and the dealers. November futures weakened to ₹109 (₹110.76), December to ₹108.85 (₹110.70), January to ₹108.90 (₹110.73) on the National Multi Commodity Exchange. RSS 3 (spot) dropped to ₹81.62 (₹82.18) at Bangkok. Spot rubber rates (₹/kg): RSS-4: 112 (113); RSS-5: 110 (111); Ungraded: 102 (103); ISNR 20: 97 (98) and Latex (60% drc): 86 (86.50).
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