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Commodity exchanges turnover rises 17.55% to Rs 28.75 lakh crore in April-August

09 Sep 2015 Evaluate

The commodity exchanges turnover rose by 17.55% and stood at Rs 28.75 lakh crore in the April-August period of the fiscal, as per data compiled by Forward Markets Commission (FMC). This rise was on account of sharp jump in trade volumes in crude oil and other metals. The exchanges had generated a business of Rs 24.46 lakh crore in the same period last year. 

The turnover from energy items rose by almost 50% to Rs 8.04 lakh crore in April-August of the 2015-16 fiscal compared to Rs 5.37 lakh crore year-ago. Similarly, the business from metals increased by 19% to Rs 6.49 lakh crore from Rs 5.45 lakh crore, while the turnover from agri-commodities rose by 12.73% to Rs 5.61 lakh crore in the said period.

The turnover from bullion however declined marginally to Rs 8.60 lakh crore till August from Rs 8.65 lakh crore year-ago.