India mulls CNH trade at GIFT City: Amid easing ties with China, banks push for Yuan transactions; high-level review under way
India’s GIFT City may soon facilitate transactions in offshore Chinese renminbi. Authorities are reviewing a proposal to enable International Banking Units to deal in CNH. ...
Global Fintech Fest: FM launches foreign currency settlement system; India accounts for ‘half of world’s real-time digital transactions’
Finance Minister Nirmala Sitharaman launched GIFT City’s foreign currency settlement system, enabling local settlement of international transactions. She also highlighted India’s AI advancements and the ...
