NSEL was operating outside regulatory purview: Ramesh Abhishek
The Forward Markets Commission chairman on the payments crisis at the National Spot Exchange Ltd
Mumbai: Ramesh Abhishek, chairman of the Forward Markets Commission (FMC), the commodities futures market regulator, speaks in an interview about the payments crisis at the National Spot Exchange Ltd (NSEL). The regulator is overseeing the settlement process at the exchange. Edited excerpts:
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