In a reiteration of its stand, Forward Markets Commission (FMC) chief B C Khatua said FMC is open to foreign participation in the market in a limited way and will talk to the Centre in this regard.
Addressing a press conference, Khatua said: "They are already allowed to participate in physical markets, and are exposed to the risks there. So, they should be allowed to hedge those risks."
Since the Indian commodity Futures market is yet to stabilise, the extent of their participation should be limited to hedging. "They have a lot of money power, and can change the direction of the