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The Reserve Bank of India (RBI) on February 9 said it has allowed the branches of Indian banks in GIFT-IFSC to act as a Trading Member or Trading and Clearing Member of International Bullion Exchange IFSC Ltd.
Further, the RBI said Indian banks authorised to import gold or silver to act as Special Category Client (SCC) International Bullion Exchange.
The provisions shall be effective from the date of this circular, RBI said.
(This is a developing story, please check back for more details)
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