India may narrow the daily upper and lower limits for natural rubber futures prices to 2%, Rubber Board Chairman Sajen Peter said Thursday.
"We want the limit to be lower to avoid to much price volatility because hedgers operate at very thin margins," he said on the sidelines of an international conference on rubber.
The proposal has been approved by the Ministry of Commerce, which governs the Rubber Board. Futures exchanges in India are regulated by the Forward Markets Commission, which is under the Ministry of Consumer Affairs.
(Source: irco.biz)
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