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Our Bureau

Mumbai , May 23

MCX said it has imposed special margins and additional special margins on commodity contracts.

"This is basically, a proactive measure taken by MCX to reduce volatility in commodities,'' MCX said in a news release.

MCX has imposed additional and special margins on aluminium, brent crude oil, crude oil, copper, gold, gold mini, gold HNI, silver, silver HNI, silver mini and zinc contracts. In addition to the above commodities, MCX has also imposed special margin on cumin seed (Jeera) and mentha oil contracts. An additional margin of five per cent has been imposed on members having net short positions in their account as well as their clients account in all contracts of aluminium, copper, silver, silver mini, silver HNI and zinc.

MCX has also levied a special margin of two per cent on cumin seed (Jeera) and mentha oil on members having open positions (both buy and sell side) in their account as well as their clients account.

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MCX imposes special, additional margins

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