Refined Soy Oil Closed Higher On Monday

Refined soy oil closed higher on Monday on chart based buying by the market participants despite news on lower import taxes. The most active Ref Soy oil Oct’16 expiry contract closed 0.14 % higher to settle at Rs. 661.3/10 kg. India has cut import taxes on both crude palm oil and refined edible oils by 5% points to 7.5 and 15 % respectively.

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