RBI changes public holiday list: No transactions, settlements in govt securities, forex, money markets on September 18, 2024
Reserve Bank of India (RBI) has said there will be no trading in government securities, foreign exchange markets, money markets and rupee interest rate derivatives on September 18, 2024 as the government of Maharashtra has declared the day as a public holiday. The state government declared September 18, 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, of 1881.
In a press release dated September 14, 2024, RBI says, «The public holiday on September 16, 2024, declared earlier has been cancelled,» says RBI. «Accordingly, there will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on September 18, 2024. Settlement of all outstanding transactions due on September 18, 2024 (Wednesday) will get postponed to the next working day, i.e., September 19, 2024 (Thursday).»
«The Government securities market, foreign exchange market, money market and rupee interest rate derivatives market will now be operational on September 16, 2024 (Monday). The settlement of secondary market transactions in Government securities, foreign exchange market, money market and rupee interest rate derivatives market which are due on September 17, 2024, will continue to be on the same day, i.e., September 17, 2024 (Tuesday),» the central bank adds.
«Settlement of the auction of Government of India Dated Securities conducted on September 13, 2024 (Friday) will take place on September 17, 2024 (Tuesday) as announced earlier. Settlement of the
