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Rubber ends in red on Dec.4

Spot rubber ended in red on Friday. According to observers, the commodity opened steady but failed to hold at higher levels on buyer resistance tracking the sharp declines in global trendsetters. Profit booking from certain dealers put further pressure on prices.

RSS 4 weakened to Rs 163.00 (164.00) per/kg, according to traders and the Rubber Board. The grade dropped to Rs 159.00 (160.00) per kg, as per Dealers. The trend was mixed as ISNR 20 and Latex were unchanged and almost inactive during the day.

The Hindu Business Line