(Corrects typo in paragraph 1)
BENGALURU, March 24 (Reuters) - The National Stock
Exchange of India Ltd (NSE) on Friday rolled back a 6%
increase in transaction charges for the equity cash and
derivatives segments, effective April 1.
The charges were raised in January 2021 to augment the NSE
Investor Protection Fund Trust (NSE IPFT) corpus in view of
certain market exigencies due to broker defaults at that time,
the NSE said.
However, the NSE has now recaliberated contributions to the
NSE IPFT from 0.01 rupees per 10 million rupees, to 10 rupees in
the cash equity and futures segment and to 50 rupees in the
equity options segment.
The recaliberation and the roll back of the planned
transaction charges will effectively reduce transaction charges
by 4%, the NSE said.
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Savio
D'Souza)
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
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