FMC approves aviation turbine fuel futures on MCX

Wed Apr 30, 2008 5:51pm IST

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MUMBAI (Reuters) - India's commodity futures market regulator Forward Markets Commission (FMC) on Wednesday said it has permitted the Multi-Commodity Exchange of India (MCX) to launch Aviation Turbine Fuel (ATF) futures.

"We will take our time to study and design the ATF contract and launch accordingly," said a senior MCX official.

MCX has also got permission to launch red arecanut futures.

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