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of <h1>SEBI Updates Daily Price Limits for Commodity Futures; Allows Staged Adjustments and Direct Relaxation in Exceptional Cases.</h1> The Securities and Exchange Board of India (SEBI) issued a circular modifying the Daily Price Limits (DPL) for commodity futures contracts. It addresses discrepancies between domestic and international closing prices due to differing calculation methods. SEBI allows exchanges to adjust DPL in stages of 3% with a 15-minute cooling-off period if international price movements exceed domestic limits. In exceptional cases, exchanges can directly relax the DPL by the required level. Exchanges must inform SEBI of such adjustments in their Monthly Development Report. The circular takes effect immediately, maintaining other terms from the previous circular.
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