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Gaurav Seth 5 years, 4 months ago
Global Depository Receipts (GDR) They are the depository receipts denominated in US dollars issued by depository hank to which the local currency shares of a company are delivered. GDR is a negotiable instrument and can be traded freely like any other security. In the Indian context, a GDR is an instrument issued abroad by an Indian company to raise funds in some foreign currency and is listed and traded on a foreign stock exchange.
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