US EditionHDFC Bank carries out first gold forward deal from GIFT City
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HDFC Bank carries out first gold forward deal from GIFT City
HDFC Bank, India’s leading private sector bank, has become the first domestic bank to execute a gold forward deal from GIFT City. The deal was executed by HDFC BANK GIFT City IBU in collaboration with Hindustan Platinum Pvt. Ltd., a global refiner and manufacturer of high purity precious metal products and industrial services. Regulators have enabled onshore entities with gold price exposure to hedge their risk through GIFT City. HDFC Bank is …
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