India's central bank, the RBI, is opting against direct settlement of government securities via offshore platforms like Euroclear. Instead, it prefers overseas investors to trade directly on the domestic NDS-OM platform. This move aims to consolidate liquidity and enhance price discovery, despite recent tax incentives designed to attract foreign capital.
The Reserve Bank of India is opting against direct settlement of government securities via offshore platforms like Euroclear, preferring overseas investors to trade directly on the domestic NDS-OM platform. This decision comes despite recent tax incentives designed to attract…
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.