FM Sitharaman launches real-time foreign currency settlement system in GIFT City, positioning India among global financial hubs
Union Finance Minister Nirmala Sitharaman on October 7, 2025, inaugurated the Foreign Currency Settlement System (FCSS) at Gujarat International Finance Tec-City (GIFT City), marking a transformative leap in India’s international financial services infrastructure. The system will enable real-time settlement of foreign currency transactions within GIFT City’s International Financial Services Centre (IFSC), eliminating the traditional 36–48…