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Reducing settlement time and hence increasing operational efficiency of dealing in Indian securities can further draw and retain investors into this asset class, its consultation paper said.
Currently trades in India are settled in "T+1" or one day after the trades are initiated. T+0 would mean settlements in the same day and instant settlement would ensure trades are settled immediately.
The market regulator has shared its intent to move to a new settlement cycle, and market rumours have it that it may be by next year end