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India’s Sebi Bans Derivatives Trade in Seven Agri Commodities: BL

Futures and options trading has been suspended for one year in chana, mustardseed, crude palm oil, moong, paddy (Basmati), wheat and soyabean and their derivatives by the Economic Affairs Dept.


Sebi
The panel said the provisions for listed companies could be framed after talks with the Securities and Exchange Board of India (SEBI). Photo of SEBI's office in Mumbai by Shailesh Andrade, Reuters.

 

Capital and commodity markets regulator Securities and Exchange Board of India (Sebi) has suspended futures and options trading for one year in a host of agricultural commodities, The Hindu Business Line reported.

The suspension of trading in commodities, including chana, mustardseed, crude palm oil, moong, paddy (Basmati), wheat and soyabean and its derivatives, came into effect on Monday following a notice from the Department of Economic Affairs.

 

Read the full report: Business Line.

 

 

 

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Kevin Hamlin

Kevin Hamlin is a financial journalist with more than 40 years of experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.

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