• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Dec. 18

Multi Commodity Exchange (MCX) has raised the penalty for non-delivery of rubber futures from the January 2007 contract. The penalty has been increased to 15 per cent flat from 5 per cent for sellers and 10 per cent for buyers. On Monday, prices of rubber futures on MCX fell.

Rubber for January delivery on MCX lost Rs 259 per quintal at Rs 8,992 against the Friday closing Rs 9,251 on a total volume of 1,568 tonnes. The February rubber futures lost Rs 295 to close at Rs 9,101 per quintal while March futures closed low by Rs 322 at Rs 9,286. Buoyed by trading interest, MCX has increased the delivery centres for March delivery to three at Calicut, Trichur and Kottayam.

More Stories on : Rubber | Commodity Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
MCX warning on price rigging

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line