MUMBAI (Reuters) - India's commodity trade may expand over 40 percent in the year to March 2009, despite trading curbs on eight commodities, the chairman of the Forward Markets Commission said late on Monday. "I see the growth to continue above 40 percent in the financial year (2008/09) even after the extension of suspension and absence of certain commodities," B.C Khatua, the FMC chairman told Reuters in an interview.
In a bid to tame rising inflation, India in May stopped futures trading in soyoil, rubber, potato and chickpea for four months. The suspension was scheduled to lapse on Saturday, but was extended till Nov. 30 late on Friday. India allowed futures trading in commodities in 2003 and the turnover at 22 Indian exchanges rose 10.58 percent from the year ago to 40.66 trillion rupees for the financial year 2007/08. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
