Sensex falls over 500 points as rupee rises to 95.12 against US dollar
GS3Economy · S&T · Environment · Security· Capital markets & SEBI· Prelims·
RWA tokenization and Demat 2.0: a GS3 case study on capital market modernization and financial innovation.
Why in news
The Sensex fell over 500 points as the rupee rose to 95.12 against the US dollar, coinciding with the launch of a report on RWA tokenization following the SEBI and RBI's Demat 2.0 pilot.
Background
The Demat 2.0 pilot involved three issuers raising Rs 1,025 crore. Mudrex released a report on RWA (Real World Asset) tokenization in this context. Bitcoin was trading near $80,771 with BlackRock's IBIT attracting $110.34 million in inflows.
Facts for Prelims
- FactSensex fell over 500 points and Nifty fell by 70 points on the reported day.
- FactThe Indian rupee rose to 95.12 against the US dollar.
- FactDemat 2.0 pilot involved three issuers raising a total of Rs 1,025 crore.
- BodySEBI and RBI are the primary regulators overseeing the Demat 2.0 pilot.
- FactBlackRock's IBIT attracted $110.34 million in inflows while Bitcoin traded near $80,771.
Prelims practice question
Which two regulatory bodies are overseeing the Demat 2.0 pilot in India?
- (a)SEBI and RBI
- (b)RBI and PFRDA
- (c)RBI and NABARD
- (d)SEBI and IRDAI
Show answer
Answer: (a) SEBI and RBI — The note identifies SEBI and RBI as the primary regulators overseeing the Demat 2.0 pilot.
For Mains
Q. Discuss the implications of RWA tokenization and the Demat 2.0 pilot on the modernization of India's capital markets and financial inclusion.
Dimensions to cover in your answer
- Regulatory oversight: Balancing innovation in RWA tokenization with investor protection and anti-money laundering protocols
- Market liquidity: Impact of institutional inflows into crypto-linked products like IBIT on domestic capital flows
Keywords: RWA tokenization · Demat 2.0 · Capital Markets · Monetary Policy · Financial Innovation
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.