Modi inaugurates India’s first international stock exchange at Gift city

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  • Prime Minister Narendra Modi inaugurated India’s first international exchange-India INX- at International Financial Services Centre (IFSC) in Gujarat International Financial Tech City (GIFT) located in Gandhinagar.
  • India International Exchange (INX), the wholly-owned subsidiary of the Bombay Stock Exchange (BSE), through its global bourse, will start trading initially in;
    1. equity derivatives,
    2.currency derivatives,
    3.commodity derivatives
    including Index and Stocks.
  • Subsequently, depository receipts and bonds would be offered once the required infrastructure for the same is in place.
  • India INX is one of the world’s most advanced technology platforms with a turn-around time of 4 micro seconds.
  • It will operate for 22 hours a day to allow international investors and Non Residents Indians to trade from anywhere across the globe
Quick Question for Bank PO/ IBPS Exams 2016-17:
Prime Minister Narendra Modi inaugurated India’s first international exchange-India INX- at International Financial Services Centre (IFSC) in which city of India? 
– Gujarat International Financial Tech City (GIFT) located in Gandhinagar. 

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