What is ths circuit breaker limit for commodity oil futures?
The Exchange has implemented a narrower slab of 4%.
Whenever the narrower slab is breached, the relaxation
will be allowed up to 6% without any cooling off period in
the trade. In case the daily price limit of 6% is also
breached, then after a cooling off period of 15 minutes,
the daily price limit will be relaxed upto 9%.
In case price movement in international markets is more
than the maximum daily price limit (currently 9%), the
same may be further relaxed in steps of 3% and will be
informed to the Regulator immediately.
This is taken from the MCX circular:
Hope this helps.
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