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Wednesday, December 3, 2008

Government to restart futures trade in 4 commodities

Indian commodity markets regulator have allowed exchanges to restart trade in the four suspended commodities from Thursday, its chairman said late on Wednesday.

"We have given permission to the exchanges to restart trading," B.C. Khatua told
reporters.

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Officials at National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX) also confirmed that they will restart trading in the four commodities on Thursday.

The government had suspended trading in soyoil, chickpea, rubber and potato in May to rein in rising prices. The ban expired on Sunday and the regulator said it will decide this week on restarting trading.

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Posted by himanshu Sharma at 7:46 AM
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