India gets its first online corporate treasury solution

Reliance Industries the first to transact on Standard Chartered''s system.

One month after the launch of its Indian On-line Treasury platform, Standard Chartered has concluded the first transaction - a foreign currency forward deal with Reliance Industries as the counter party. 

Alok Agarwal, treasurer at Reliance Industries Indias largest private sector enterprise - says that while they are in a bit of a trial mode with the system he was very keen to begin using the first online forex trading platform available to Indian companies. The benefit...

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