February 16, 2015 4:43 PM

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Commodity exchanges' turn over dips by over 42%

The turnover of the country's commodity exchanges fell more than 42 per cent, to 51 lakh crore rupees during the April 2014 to January 2015 period of this fiscal. The drop is attributed to a sharp decline in traded volumes of most commodities. According to the Forward Markets Commission, the biggest fall was in bullion, where turnover fell 53 per cent, to 18 lakh crore rupees during the review period. Business from energy items like crude oil declined 39 per cent, that in metals dropped over 32 per cent. Business from agricultural commodities fell 30 per cent in the ten month period under review.

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