Monday, November 10, 2008

Breaking News-RTRS-India may resume trade in four commodities futures-regulator

MUMBAI, Nov 8 (Reuters) - India may resume futures trade in four suspended agricultural commodities from December as prices soften, while a decision would be delayed on four others, an official with the commodity futures regulator said on Saturday.

In May, the federal government bowed to demands from its Leftist allies to suspend trading in soyoil, chickpea, rubber and potato futures for four months, alleging these futures played a major role in stoking inflation.

The ban was further extended till November due to inflationary pressures.