India International Exchange

The India International Exchange Limited (India INX) is India's first international stock exchange.[1][2] It is located at the International Financial Services Centre, GIFT City in Gujarat.[3] It is a subsidiary of BSE Limited.

India International Exchange
TypeStock Exchange
LocationGujarat International Finance Tec-City, Gandhinagar, Gujarat, India
Founded2017
OwnerSubsidiary of Bombay Stock Exchange
Key peopleV. Balasubramaniam (Chief Executive Officer and Managing Director)
CurrencyIndian rupee (INR/₹)
Websitewww.indiainx.com

It was inaugurated by Indian Prime Minister Narendra Modi on 9 January 2017. The trading operations began on 16 January 2017. It operates on EUREX T7, an advanced technology platform. It is the world's fastest exchange, with a turn-around time of 4 microseconds.[4] It operates 22 hours a day, six days a week.[1] These timings facilitate international investors and Non-Resident Indians to trade from anywhere across the globe at their preferred time. Its daily turnover volume crosses ₹74,509 crores.

Asian Development Bank lists the bonds on India International Exchange. In early 2020, the bank raised $118 million from rupee-linked bonds and supporting the development of financial market infrastructure in India.[5]

See also

References
  1. "Narendra Modi inaugurates India International Exchange". India Times. Indo-Asian News Service. 9 January 2017. Retrieved 16 January 2017.
  2. "PM Narendra Modi launches India's first international stock exchange". India Today. 13 January 2017. Retrieved 16 January 2017.
  3. Upadhyay, Jayshree P.; Maulik, Pathak (9 January 2017). "V. Balasubramanian to head India International Exchange". Live Mint. Retrieved 16 January 2017.
  4. "About India INX". India INX. Retrieved 11 February 2020.
  5. "ADB raises $118 million from rupee-linked bonds". The Economic Times. 26 February 2020. Retrieved 23 March 2020.
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