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NSE gets SEBI approval to launch futures in copper large size contract


The National Stock Exchange of India (NSE), the leading stock exchange of the country, has said that it has received permission from markets regulator SEBI to launch 'Copper large futures contract' with trading unit of 25 MT (metric tonne).

In the international commodity markets, the 25 MT copper futures contract is one of the highest traded contracts and is considered the global benchmark.

With the introduction of a similar large size futures contract, NSE aims at providing an onshore hedging platform to large Indian corporates, refiners and various users in the value chain.

The large size contract offering will be settled by way of physical delivery incorporating world class infrastructure and global best practices, NSE said.

Source- NSE

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