Monsoon rains dampens Indian exchange trading

10 Jul 2006

Mumbai-based Multi Commodity Exchange (MCX) had to shut down operations for an afternoon last week when heavy monsoon rains flooded its offices and cut electricity.

Its rival, National Commodity and Derivatives Exchange...

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“At the highest level of economic motivation for their actions and most generous interpretation of them, they are trying to influence prices in a way that benefits mankind and they should be considered heroes for it.”

John Lothian on speculators in the commodity markets.