NISM Series III-C Practice Questions - NISM Series III-C Securities Intermediaries Compliance (Fund) Certification Exam

Both ADRs and GDRs must be denominated in Indian Rupees when issued by domestic companies. ADRs are denominated in US Dollars and traded in the US, whereas GDRs are traded outside the US and can be denominated in multiple currencies. GDRs can only be traded on European exchanges and cannot be listed on multiple exchanges globally. ADRs allow domestic investors in India to buy shares of overseas companies directly in Indian Rupees.