MCX to raise cotton futures margin
MCX, the nation’s largest commodity alternate, has elevated the margin for cotton August 22 expiry futures contract to 11 per cent from the present 6 per cent for shopping for and promoting. The enhanced margin will come into impact from Monday.In a bid to curb hypothesis, the alternate has narrowed the every day value limits (DPL) for cotton August contracts to 2 per cent with no additional rest in the every day value restrict, thereafter. The narrower slab will be efficient ...