Indian Express

Express India

Screen

Loksatta

Express Cricket

Kashmir Live

Biz Publications
 
| Make this your homepage | Feedback

Futures trading in four commodities suspended

Reuters
Posted online: Thursday , May 08, 2008 at 1024 hrs IST

Mumbai, May 8: India has suspended futures trading in soya oil, potato, chana and rubber for four months with immediate effect, a senior official with the Forward Markets Commission (FMC) said on Thursday.

"This is effective from Thursday ... we have informed the exchanges in this regard," said Anupam Mishra, a director with the market regulator.

"There will be no trading from today in these commodities ... all settlements will be based on yesterday's (Wednesday) closing price."

Soya and chana were among the most traded commodities on the Indian bourses.

Ads by Google

Post Comments

Comments: (Limit 3,000 characters)
Name
Message
Email ID
Subject
TERMS OF USE:
The views represented here are not neccesarily endorsed by www.financialexpress.com and its allied websites. All messages will be moderated and no message that has inflammatory, abusive, derogatory language or any language deemed unfit for publication by the editor will be displayed. Though it will be endeavoured that as many messages as possible be displayed, there will be time lag between the submission and publication of the messages. The website reserves the right to publish or reject any message.
I agree to the terms of use.

Shaadi Matrimonials
Get Marriage Proposals by Email EVERYDAY!
Register FREE on Naukri.com.
200000+ Hot Job Openings!
The Barclays
Banking Solution
Book International flights
& get 10000 Money Back
Flowers & Gifts
Send flowers & Gifts
Express Classifieds
Post and view free classifieds ad
Start New Friendships!
On Fropper.com
Express Astrology
Know what's in the stars for you