IFSCA wants GIFT City bullion exchange to open for domestic investors

In talks with RBI for being included in LRS; may ask FinMin to intervene

Topics
IFSC | GIFT City | Indian investors

Shrimi Choudhary  |  New Delhi 

In a bid to shore up volume and liquidity at the country's only International Financial Services Centre (IFSC), its regulator is making a strong pitch before the Reserve Bank for including GIFT City in the liberalised remittance scheme (LRS).

The move will allow Indian residents to trade on its bourses and products. The development has come at a time when the regulator, International Financial Services Centre Authority (IFSCA), is finalising the modalities and structure of country's first bullion exchange, which is likely to be notified by the end of November. "We need to open ...

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First Published: Thu, November 12 2020. 06:05 IST
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