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The Reserve Bank today authorised Goldman Sachs to undertake primary dealership business in the country’s government debt market from April 18, 2011.
“The RBI has authorised Goldman Sachs (India) Capital Markets Private Limited to undertake primary dealer business with effect from Monday, April 18, 2011,” the apex bank said in a release.
Primary dealers are banks, brokers, dealers or other financial institutions that deals in government securities.
In India, Goldman Sachs operates out of offices in Bangalore and Mumbai and is into investment banking, global investment research, operations and technology practices.
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