GIFT City, India's financial hub, plans real-time dollar settlement by 2025 to attract foreign investors and rival Singapore and Dubai.
India's Gujarat financial hub, GIFT City, plans to introduce real-time dollar settlement by 2025, aiming to attract foreign investors and boost efficiency in financial transactions. Regulated by the International Financial Services Authority, GIFT City offers stocks, currency, and derivatives trading. The real-time settlement system could position India as a competitive alternative to trading centers like Singapore and Dubai.
June 25, 2024
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