Full Form of IIX

What is IIX?

The India International Exchange (IIX) is an international stock exchange located at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, India. Established in 2017, it serves as a platform for global investors to trade Indian securities, derivatives, and commodities in foreign currencies, primarily US dollars. IIX aims to bring offshore trading of Indian assets back onshore, reducing dependency on foreign exchanges like Singapore and Dubai. It operates under the regulatory framework of the Securities and Exchange Board of India (SEBI) and the International Financial Services Centres Authority (IFSCA). The exchange facilitates a range of products including equity derivatives, currency derivatives, and commodity derivatives, with the goal of boosting India’s financial services sector and attracting foreign capital. IIX is used by foreign portfolio investors, hedge funds, and non-resident Indians who seek exposure to Indian markets without dealing with the rupee. In exams related to banking, finance, and current affairs, IIX is often cited as a key initiative under the ‘Make in India’ program and the government’s effort to develop GIFT City as a global financial hub. Its role in enhancing liquidity and deepening capital markets makes it a significant entity in India’s economic landscape.

IIX का फुल फॉर्म

Example

The launch of IIX at GIFT City has allowed foreign investors to trade Indian equity derivatives in dollars without leaving Indian shores.

IIX — frequently asked questions

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