Wednesday, December 15, 2010

Forward Markets Commission Commex turnover to touch Rs 1,100 bn in FY11

Forward Markets Commission Commex turnover to touch Rs 1,100 bn in FY11 ; Forward Markets Commission (FMC) today said the turnover of the commodity exchange is expected to touch Rs 1,100 billion in FY11, reports PTI.

``The turnover of commodity exchanges is expected to be around Rs 1100 billion during April 2010-March 2011 period, as compared to Rs 775 billion registered in the previous year,` FMC Chairman B C Khatua told PTI.

Indian commodity bourses turnover rose 53.4% on year to Rs 720 billion in the first eight months to November.

Bullion trade rose by 79.78% in value terms to Rs 320 billion, and metals futures trade rose 66.56% to Rs 170 billion in the April-November period, while volumes in agri commodities rose by a little over 9%.
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