CDSL signs MoU to set-up Market Infrastructure Institutions at GIFT City

The Market Infrastructure Institutions comprising of International Bullion Exchange, Clearing Corporation and Depository at Gift City.

Mar 02, 2021 04:03 IST India Infoline News Service

The Central Depository Services (India) Limited (CDSL) have signed a Memorandum of Understanding (MoU) along with the National Stock Exchange of India Limited (NSE), The Multi Commodity Exchange of India Limited (MCX), India INX International Exchange (IFSC) Ltd (India INX), National Securities Depository Limited (NSDL).

The MoU has been signed for setting up Market Infrastructure Institutions comprising of International Bullion Exchange, Clearing Corporation and Depository at Gujarat International Finance Tec-City Trade (GIFT) City.

This is in line with the Government of India objective to make India a price setter in bullion through GIFT International Finance Service Centre (IFSC) and following the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 and other applicable laws.

On NSE, CDSL ended at Rs612 per piece down by 2.49%.

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