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.