Thursday May 8, 06:57 AM
India's FMC suspends trade in some commodities for 4 months to stem inflation
MUMBAI (Thomson Financial) - The Indian commodities market regulator said it has suspended trade in selected commodities for four months, in an move to tame spiralling inflation.
The Forwards Markets Commission (FMC) said it has suspended trading in potato, soy oil, rubber and chana effective today.
'All the existing contracts will be closed at the yesterday's closing prices,' Anupam Mishra, director at Forward Markets Commission told Thomson Financial News.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
