NSEL crisis: No immediate worries on possible defaults, says regulator

The chairman of India's Forward Markets Commission said the regulator had no immediate worries that the National Spot Exchange Ltd (NSEL) could default on open contracts after the commodities exchange this week suspended trading in forward contracts. "At this point I don't think we should have any such apprehension," Ramesh Abhishek said, when asked by a news channel about whether there were any concerns that the NSEL would defa...