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AHMEDABAD (Commodity Online): National Multi Commodity Exchange of India (NMCE) has categorically denied the rumours that there was a FMC raid in its premises.
“A routine inspection, that FMC conducts frequently in all exchanges, has been misquoted as a raid,” Poonam Verma, Vice President (Business Development) told Commodity Online.
She further said one of NMCE’s former employees floated this rumour, which sent shockwaves throughout the Rubber Traders in the southern part of India, where NMCE has a strong presence.
At a time when prices of all commodities are sky rocketing, a few section of media has picked up this rumour to directly link it to the failure of the government to check the spiraling price rise, according to NMCE insiders.
Rubber traders at NMCE counters started feeling the jitters as news appeared in one of the Malayalam newspapers.
When contacted, Dinesh Soni, the FMC official, quoted in the local stories, said he is not authorised to speak to the press.
Monday, December 27, 2010
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