MCX makes another stab at getting more FPIs on board
MCX has allowed FPIs under the categories of individuals, family offices and corporates into oil and natural gas derivatives, which made up 77% of MCX's March turnover.
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MCX has allowed FPIs under the categories of individuals, family offices and corporates into oil and natural gas derivatives, which made up 77% of MCX's March turnover.
Until recently, traders were betting freely on the rupees rise and fall without holding underlying assets. A rule that allowed transactions of up to $100 million without providing proof of an actual foreign-currency exposure had been interpreted by them as tacit acceptance of speculative trade by the authorities.
Investing in Sovereign Gold Bonds offers attractive interest rates, tax benefits, convenience, and the inherent value of gold as a timeless asset.
Budget 2024 Expectations: The commodity markets in India are seeking several changes in the upcoming budget, including the reduction or abolishment of the Commodity Transaction Tax, addressing GST issues, providing adequate infrastructure for farmers, and others.
The continued linked the prosperity of the market on the agility of policies, adherence to principles of fairness, and timely adaptations to meet the evolving needs of both the market and its investors