India’s first international stock exchange “India International Exchange” has been launched in which city?
India’s first international stock exchange “India International Exchange” has been set up by the Bombay Stock Exchange (BSE) at the Gujarat International Finance Tec (GIFT) city in Gandhinagar, Gujarat, which is recently inaugurated by the Prime Minister Narendra Modi.The new international exchange will provide electronic trading platform for companies that are going multinational. The domestic companies can now raise capital in foreign currency by issuing foreign currency dominated bonds and to trade in such securities. The new stock exchange will trade in all the products like the other exchanges in the world such as Singapore, Hong Kong, London, New York in currency, equities, commodities derivatives. Every day, this exchange at GIFT City will start trading activities at 4 am, when the exchanges in Japan open, and will stop only at 2 am the next day, when the exchanges in USA close.