Kuala lumpur: The Kuala Lumpur rubber market closed lower on Thursday, aligning with losses in crude oil prices and regional rubber futures markets, as the ringgit strengthened against the US dollar, a dealer said. Market sentiment was pressured as traders processed the dovish outlook from the US Federal Reserve.

According to BERNAMA News Agency, the Brent crude oil price decreased by 1.21 percent to US$61.49 per barrel at the time of writing. Despite this, further losses were limited after the Fed cut interest rates as expected, alongside declining local rubber production and China's strong economic performance in the third quarter.

At 3 pm, the price of Standard Malaysian Rubber (SMR) 20 fell by nine sen to 721.5 sen per kilogram, while latex-in-bulk decreased by two sen to 575.5 sen per kilogram.