FMC hikes margins on wheat, chana futures

Mumbai, Sept 1 (UNI) Forward Markets Commission (FMC) has hiked the margin requirements on wheat and chana futures.

FMC spokesperson today said in wheat futures, the existing additional margin of 10 per cent on all long positions has been increased to 20 per cent with effect from Monday.

Similarly, the additional margin payable in cash in chana futures would be 15 per cent on long-term deals and 10 per cent on short position from Monday onwards, he added.

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