 "IFSCA Chairman Injeti Srinivas")
The country's first international bullion exchange is set to come up in 2021 with a single consortium of market infrastructure intermediaries (MIIs) operating it, said International Financial Services Centres Authority (IFSCA) chairman Injeti Srinivas on Friday.
Speaking at the bell ringing ceremony to mark the listing of Indian Railway Finance Corporation limited (IRFC)'s $750 million 10-year bond at India International Exchange (INX) in GIFT IFSC, Srinivas said that regulations for the bullion exchange had been notified.
"The exchange will operate on a delivery-based model for allocated and unallocated bullion. However, there will be underlying security backing the unallocated bullion," Srinivas
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