“The RBI deferment comes as a major reprieve, given the doldrums the market is in because of the West Asia crisis,” said K Suresh, national president of the Association of NSE Members of India (ANMI). “Now, we will request the ministry of finance to temporarily hold back imposition of the hike in securities transaction tax on equity futures and options, given the drop in volumes it could lead to, given the extant conditions.”
