In a bid to enhance liquidity in delivery-based commodity derivatives, market regulator SEBI has diminished the deliverable interval to 3 days from 5 days.
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Primarily based on representations acquired from market members and deliberations by Commodity Derivatives Advisory Committee, the Minimal period of staggered supply stands revised to 3 working days, stated SEBI in a round.
The round shall be efficient from July 1, for contracts the place staggered supply is scheduled after this date, it added.
Ajay Kumar, Director, Kedia Commodities stated, the transfer will enhance volumes of derivatives buying and selling in agriculture commodities, and few metals as buyers can be left with extra days to commerce with out taking supply.
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