RBI opposes offshore settlement for sovereign bonds, favoring direct participation of foreign investors on the domestic NDS-OM platform.

The RBI is steering clear of offshore settlement for government securities, preferring foreign investors to trade directly on the domestic NDS-OM platform. Despite recent tax…

India's central bank, the RBI, is opting against direct settlement of government securities via offshore platforms like Euroclear. Instead, it prefers overseas investors to trade…