Ban Extension
SEBI extends suspension of derivatives trade in 7 commodities to Jan 31
This story was originally published at 23:17 IST on 18 December 2024
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MUMBAI – The Securities and Exchange Board of India has extended the suspension of derivatives trade in wheat, chana, moong, paddy (non-basmati), mustard seeds and its derivatives, soya bean and crude palm oil till Jan 1, the regulator said in a release on Wednesday.
The suspension of derivatives trade in these contracts, imposed on Dec. 19, 2021, has been extended twice for more than one year to stem inflationary pressures.
"Food inflation pressures are likely to linger in Oct-Dec of this financial year and start easing only from Jan-Mar, backed by seasonal correction in vegetable prices, kharif harvest arrivals, likely good rabi output and adequate cereal buffer stocks," former RBI governor Shaktikanta Das said, announcing the Monetary Policy Committee's outcome in December. End
Reported by Kshipra Petkar
Edited by Avishek Dutta
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