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Commodities Briefing - Categorized | Price Watch, Regulatory more

India: FMC warns traders against price manipulation, may ban trading

Posted on 27 July 2012

Commodity market regulator FMC today said it would not allow traders to manipulate futures price of agriculture items and could ban its trading if required in the backdrop of poor monsoon rains affecting kharif crops.
The regulator has doubled the deposit money that a trader is required to keep with exchanges for trading in turmeric following unusual price movement. “We are keeping a close watch on all agriculture commodities. We will take action as and when required………………………………………..Full Article: Source


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