Multi Commodity Exchange of India (MCX), an on-line electronic commodity futures exchange of the country, has revised the initial margins to minimum of 10% of the value of the contract or VaR based margin whichever is higher, in respect of all contracts of SugarMKol and Wheat. The revised margins will be applicable from Monday, August 06, 2012.
The exchange will be revising initial margins as per the Byelaws, Rules and Regulations of the Exchange and as directed by the Forward Markets Commission (FMC).
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