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India: FY13 commodity turnover falls for first time since inception

Posted on 09 April 2013

Commodity futures turnover in India fell for the first time since inception in the fiscal year ended March 31, led by a decline in volume in bullion trade, and suspension of guar futures.
India, the world’s biggest buyer of gold, and second biggest producer of wheat, allowed futures trading in 2003 for local participants, and foreigners, who cannot trade in the space, can participate through stakes in commodity exchanges………………………………………..Full Article: Source


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