The Clearing Corporation of India is planning to offer member banks its home-grown forex dealing system FX Clear for free. This will give providers of dealing systems a run for their money.

The corporation's system has been cleared by the Foreign Exchange Dealers' Association of India, and is awaiting approval by the Reserve Bank of India.

Of the Clearing Corporation

More From This Section

First Published: Apr 25 2003 | 12:00 AM IST

Next Story