FMC likely to ban hedge, PE funds from futures

MUMBAI: Commodity markets regulator, Forward Markets Commission (FMC), is considering a ban on hedge funds and PE funds from trading on the country���s commexes, a top government official said.

���Although hedge and PE funds play a major role in foreign markets, we would not like hedge and PE funds to come into our markets,��� FMC���s chairman, BC Khatua, said reporters on the sidelines of a conference here on Tuesday.

The government has recently allowed banks and MFs to participate in commexes.