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08-12-2023 11:05 AM | Source: Reuters
India moving towards T+0 for market settlement before end-FY24 - regulator
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India is moving towards T+0 for market settlement before the end of the 2024 fiscal year and subsequently to instantaneous settlement in a year's time, the country's markets regulator chairperson told an industry event in New Delhi.
Reuters had earlier reported in September that India's markets regulator would implement settlement within one hour of the trade, with instant settlement coming some months later.
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