Commexes turnover Rs 9 lakh crore
Futures trading in the commodity exchanges reached a whopping Rs 8,97,816 crore till June-end in the current financial year on the back of more participation in the non-agricultural commodities counters.
By TNN |
NEW DELHI: Futures trading in the commodity exchanges reached a whopping Rs 8,97,816 crore till June-end in the current financial year on the back of more participation in the non-agricultural commodities counters.
“Since the government has put a restriction on new agricultural commodities till it decides the issue of impact of futures trading on prices, the business has shifted to non-farm counters,” an analyst with a local commodity brokerage house said. Releasing the fortnightly data of turnover, the Forward Markets Commission, the regulator for the commodity markets, said, “The value of trade during April-June period of this financial year is Rs 8,97,816.52 crore.”
“Since the government has put a restriction on new agricultural commodities till it decides the issue of impact of futures trading on prices, the business has shifted to non-farm counters,” an analyst with a local commodity brokerage house said. Releasing the fortnightly data of turnover, the Forward Markets Commission, the regulator for the commodity markets, said, “The value of trade during April-June period of this financial year is Rs 8,97,816.52 crore.”
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