SEBI modifies ‘Daily Price Limit’ for Commodity Futures Contracts
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- Last Updated on 29 September, 2022
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Circular No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2022/128, dated: 27.09.2022
In order to bring parity between the closing prices of domestic & international exchange, the SEBI has modified the Daily Price Limit (DPL) for Commodity Futures Contracts. Price differences occurs due to difference in calculation methodology. Therefore, SEBI directed that DPL may be further relaxed in stages of 3% by the Exchange with a cooling-off period of 15 minutes in cases where price movement in international markets is more than aggregate DPL or if the international price is beyond aggregate DPL.
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