India to allow foreign firms on to commodity futures market
Spooked by scandals of the past, regulator refuses to allow foreigners to speculate on commodities – but some fear this will limit market development
India's commodity futures regulator says it is close to agreeing a framework to allow foreign firms to hedge their commodity exposure onshore, but insists that it will not allow speculative positions.
Commodity speculation is politically sensitive in India: the central government is wary of a scenario where rising prices could then be linked back to speculative activity – a concern which is
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