15.06.2012 - Banks should be allowed in commodity futures: FMC
The commodity markets regulator in India wants the government to allow trading of futures by banks to boost participation and liquidity. “The issue is under consideration in the ministry of finance,” said Ramesh Abhishek, chairman of the Forward Markets Commission (FMC), which is governed by the ministry of consumer affairs, food and public distribution. “We want the banks to participate in these markets only for the purpose of hedging.”..............................................Full Article: Source
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