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India's NCDEX slaps 20 pct additional margin on turmeric
July 2, 2012 / 1:15 PM / 5 years ago

India's NCDEX slaps 20 pct additional margin on turmeric

MUMBAI, July 2 (Reuters) - India’s National Commodity Derivatives Exchange (NCDEX) has imposed a 20 percent additional margin on the long and short side of turmeric contracts, effective Friday, according to a notification posted on its website.

The margin will be applicable to all current and yet-to-be-launched contracts of turmeric. (Reporting by Meenakshi Sharma; Editing by Anand Basu)

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