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Sebi proposes one commodity, one exchange model to make India price-setter

The regulator said exchange can be master in one instead of jack of all

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Commodity markets | MCX | NCDEX

Rajesh Bhayani  |  Mumbai 

Sebi proposes China-like model for growth of multi commodity markets
So far India is a major consumer and producer of wheat, rice, pulses, spices, cotton, tea, rubber, iron ore, steel, gold, silver and diamonds.

To deepen and grow in India with an intention to make India a price-setter than a price-taker, the has proposed, ‘one commodity, one exchange’ plan even though currently multiple exchanges are allowed to launch contract on the same commodity to create competition and give choice to investors.

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First Published: Mon, March 16 2020. 14:19 IST
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