Rubber skids to ₹93/kg

Spot rubber weakened on Monday as the market continued to remain under pressure on buyer resistance. The trend was mixed. RSS 4 declined to ₹93 (₹94) a kg, according to traders. The grade dropped to ₹93.50 (₹94) and ₹90.50 (₹91) respectively, according to the Rubber Board and the dealers. February futures slid to ₹95.50 (₹95.91), March to ₹97.98 (₹97.99) and April to ₹100.25 (₹100.42) on the National Multi Commodity Exchange. RSS 3 (spot) firmed up to ₹86.38 (₹85.92) at Bangkok. February futures closed at ¥151.3 (₹84.66) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 93(94); RSS-5: 89.50 (90); Ungraded: 83(83); ISNR 20: 84(84) and Latex (60% drc): 79(80).