No Move to Ban any Com­mod­ity: Sebi Of­fi­cial

The Economic Times - - Commodities Plus -

Abun­dant cau­tion was be­ing taken to en­sure smooth and or­derly func­tion of com­mod­ity fu­tures trad­ing, which is why the reg­u­la­tor had di­rected agri bourse NCDEX to im­pose a 25% cash mar­gin on chana, halv­ing the lever­age a trader can take from 5 times, a se­nior Sebi of­fi­cial told ET. He, how­ever, quashed spec­u­la­tion of a ban of any com­mod­ity, when told about mar­ket con­cerns of a pos­si­ble ban on chana fu­tures.

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