Physical rubber prices ended flat on Friday. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 129.50/ kg and Rs 124/ kg respectively. Small and medium rubber product manufacturers are reeling from the sharp surge in imports and high GST rate of 28 percent on most products even as the government protects the interest of large tyre companies with an anti-dumping duty.

In the futures market, September delivery rose to Rs 130.67 compared to its previous closing of Rs 129.90, while October delivery closed at Rs 129.53 compared to its previous close of Rs 128.56 on the National Multi Commodity Exchange (NMCE).

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