‘International Bullion Exchange will be ready by year end’
February 12, 2021
Injeti Srinivas, Chairman IFSC Authority - The Hindu×
Exchange to come under a consortium comprising BSE, NSE, MCX, NSDL and CDSL
India s first International Bullion Exchange will take shape by the end of this year and the market infrastructure institutions (MIIs) will form a consortium to make a single entity operating the bullion exchange. “The regulations for the international bullion exchange have been notified and the international bullion exchange will come up by this year,” informed Injeti Srinivas, Chairman IFSC Authority on Friday. The Chairman of the unified regulator of the IFSCs stated that the Exchange will operate with delivery-based model for allocated and unallocated bullion. However, there will be underlying security backing the unallocated bullion, Srinivas further added.