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RBI allows International Banking Units in Gujrat's GIFT City to settle NDDCs in INR | Indiablooms - First Portal on Digital News Management

Mumbai: The Reserve Bank on Tuesday allowed international banking units (IBUs) located in GIFT City, Gujarat, to settle non-deliverable foreign exchange derivative contracts (NDDCs) using the Indian rupee. ....

International Financial Services Centre , Banking Units , Non Deliverable Derivative Contracts , Umbai The Reserve Bank On Tuesday Allowed International Banking Units Ibus Located In Gift City , O Settle Non Deliverable Foreign Exchange Derivative Contracts Nddcs Using The Indian Rupee ,