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. (ET)
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