RBI Expands NDDC Access to SPDs

  Published 9 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.

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