RBI Expands NDDC Access to SPDs

  Published 8 months ago

RBI allows SPDs with AD Cat‑III status to trade Rupee NDDCs for residents and non‑residents.

  • Previously, only AD Cat‑I banks with IFSC units could access Rupee NDDCs, limiting market participants.
  • SPDs can now offer NDDC services, expanding their product suite and client reach internationally.
  • Broader dealer participation is expected to deepen liquidity, improve pricing, and attract more foreign investors.

You might like these

MCX Shares Jump 4.4%, Small‑Cap Leader

Adani Green Q1: Revenue Soars 31%

Swati Dalal Appointed Managing Director at Zydus Healthcare

Suzuki & Tata Elxsi Cloud HIL Center

Fusion Finance: Sharp Quarterly Loss

UB Breweries Stock Rises Post JP Morgan

Airbus Selects Sansera for Critical Medical Kits

News that matters the most ⚡