India: Spot rubber continues to skid

Spot rubber continued to rule weak on Wednesday. RSS 4 declined to ₹128.50 (129) a kg, according to traders. The grade dropped to ₹129 (129.50) as quoted by the Rubber Board. RSS 4 October futures weakened to ₹127.52 (127.94) on the National Multi Commodity Exchange. RSS 3 (spot) slid to ₹104.35 (104.38)at Bangkok. Its September futures declined to ₹93.42 (95.60) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 128.50 (129); RSS-5: 124.50 (125); ISNR 20: 121 (122) and Latex (60% drc): 97.50 (97.50).