Sebi bars NCDEX from launching new mustard seed contracts
The Hindu
In respect of running contracts, no new position will be allowed to be taken. Only squaring up of position will be allowed, Sebi said in a release
Markets watchdog Securities and Exchange Board of India (Sebi) on October 8 barred commodity exchange NCDEX from launching new mustard seed contracts till further orders amid efforts to curb rising prices of mustard oil.
The latest direction for the National Commodity & Derivatives Exchange Ltd (NCDEX) will come into immediate effect.
In respect of running contracts, no new position will be allowed to be taken. Only squaring up of position will be allowed, Sebi said in a release.
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