The India International Exchange ( India INX ) on Tuesday said it will soon facilitate buying and selling of shares of foreign stocks, including major US-listed companies, through its platform. India INX said it will add international stocks to trading via its wholly-owned subsidiary India INX Global Access IFSC Ltd."Under the LRS route, resident individuals can use the India INX platform to transact and invest in global stocks in an easy and convenient manner," India INX Chairman Ashishkumar Chauhan said. Members of India INX can access this facility at no additional membership costs. India INX is the country's first international exchange based in the international financial services centre (IFSC) at Gujarat International Finance Tec-City (GIFT City). On Monday, the NSE International Exchange (NSE IFSC) said trading in select US stocks will soon be facilitated through its platform.
Source: Mint August 10, 2021 15:22 UTC