The commodity market in India is regulated by which entity?
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Up until Sep 2015, Forward Market Commission (FMC) was the commodity market regulator in India. This commission was governed by the Ministry of Consumer Affairs. However, since Sep 2015, the Securities and Exchange Board of India has become the sole commodity market regulator in the country ensuring fair trading. The Commodity Derivatives Market Regulation Department (CDMRD) is appointed to carry out the daily operations under SEBI’s rules and guidelines.