High costs could turn FPIs away from commodity derivatives
Synopsis
Currently, the cost components for executing commodities transactions in India include commodities transaction tax (CTT), exchange transaction charges, Sebi turnover fees, goods & services tax (GST), stamp duty, and brokerage, among others, they pointed out.
Mumbai: Foreign portfolio investors (FPIs) are unlikely to participate in the exchange-traded commodity derivatives in the country due to high trading costs in India compared to the leading global commodity exchanges, market participants have said.
Currently, the cost components for executing commodities transactions in India include commodities transaction tax (CTT), exchange transaction charges, Sebi turnover fees, goods & services tax (GST),
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