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RBI s greenfield next generation data centre to commence operations in FY25

RBI s greenfield next generation data centre to commence operations in FY25
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Forex settlement next step by GIFT to onshore what s offshore

GIFT City to launch foreign currency settlement system chaired by K Rajaraman, IFSCA, supported by RBI and Clearing Corporation of India. System to settle US dollar transactions between IBUs in real-time. CCIL subsidiary to operate FCSS, aiming for operation by October 2024. Other currencies may be added later

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