Foreign Currency Settlement System (FCSS) at GIFT IFSC

Foreign Currency Settlement System (FCSS) at GIFT IFSC

With reference to the Foreign Currency Settlement System (FCSS), recently in the news, consider the following statements: It enables the settlement of foreign currency transactions locally at the GIFT IFSC. It is operated by a subsidiary of the Reserve Bank of India. Initially, it will only settle transactions undertaken in the US Dollar. Which of … Read more