Comments
Riddi Siddhi Bullions has launched a new contract on its spot exchange platform that will quote dollar price for gold and settle all contracts in rupee terms. The new contract will facilitate supply to the exporters by supplying duty free gold and help Government to contain current account deficit, said a release issued by RSBL.
Clients will also be able to see the equivalent price in rupees for all the orders placed on the platform.
Prithviraj Kothari, Managing Director, RSBL said to begin with the contract will have delivery centre in Mumbai as bonded warehouses are being set up pan-India.
The terminal will be functional from 10.30 am through the weekdays to track various markets across the world. RSBL Spot has 3000 clients and is spread across 18 branches.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.