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FM launches foreign currency settlement system at GIFT City
The Daily Guardian
|October 08, 2025
Union Finance Minister Nirmala Sitharaman announced the launch of the Foreign Currency Settlement System (FCSS) at Gujarat International Finance Tec-City (GIFT City) on Tuesday.
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Speaking at the inaugural speech at Global Fintech Fest (GFF) 2025in Mumbai, Sitharaman said itisa significant step in India’s journey toward becoming a global financial and fintech hub.
The system will allow real-time settlement of foreign currency transactions within the International Financial Services Centre (IFSC), reducing the existing lag of up to 48 hours, she added.
Cette histoire est tirée de l'édition October 08, 2025 de The Daily Guardian.
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