02.01.2013 - India: Commodity bourses end 2012 with Rs.174 trillion business
Commodity futures market remained subdued in 2012 with turnover stagnating at last year’s level of Rs.174 trillion and the government’s Bill to strengthen the regulator FMC (Forward Markets Commission) also getting stuck in Parliament. FMC’s steely resolve to curb speculation in various agricultural commodities like guar futures and the MCX becoming the country’s first commodity exchange to be listed were some of the positives during the year. “The turnover of the exchanges has been declining every fortnight, especially in bullion, but the cumulative turnover would be close to the 2011 level.” FMC chairman Ramesh Abhishek said...............................................Full Article: Source
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