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StanChart picked as dollar trade settler
Mint New Delhi
|February 28, 2025
Standard Chartered Plc has been picked as the bank for real-time settlement of all dollar-denominated trades in India's global financial centre, likely slated for end-June, according to people familiar with the matter.
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Banks having units in the Gujarat International Finance Tec-City (GIFT City) have been asked to set up trading accounts with the British bank, said the people, who asked not to be identified as discussions are private.
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