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flag India launches real-time forex settlement system in Gujarat to boost transparency and efficiency.

flag Finance Minister Nirmala Sitharaman launched a real-time foreign exchange settlement system at GIFT City in Gujarat, India, aiming to enhance the efficiency and transparency of currency transactions. flag The system enables immediate settlement of forex trades, reducing risks and improving liquidity. flag It marks a significant step in India’s efforts to strengthen its financial infrastructure and position GIFT City as a global financial hub.

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