With the Authorities of Maharashtra declaring September 18, 2024 as a public vacation [Eid-e-Milad], the sooner introduced public vacation on September 16, 2024 has been cancelled by the Reserve Financial institution of India( RBI).
“Accordingly, there can be no transactions and settlements in Authorities securities, overseas change, cash markets and rupee rate of interest derivatives on September 18, 2024. Settlement of all excellent transactions due on September 18, 2024 (Wednesday) will get postponed to the following working day, i.e., September 19, 2024 (Thursday),” the RBI mentioned in an announcement.
It mentioned the Authorities securities market, overseas change market, cash market and rupee rate of interest derivatives market will now be operational on September 16, 2024 (Monday).
“The settlement of secondary market transactions in Authorities securities, overseas change market, cash market and rupee rate of interest derivatives market that are due on September 17, 2024 will proceed to be on the identical day, i.e., September 17, 2024 (Tuesday), it mentioned.
In keeping with RBI assertion settlement of the public sale of Authorities of India Dated Securities carried out on September 13, 2024 (Friday) will happen on September 17, 2024 (Tuesday) as introduced earlier.
“Settlement of the public sale of State Authorities securities scheduled on September 17, 2024 (Tuesday) will now happen on September 19, 2024 (Thursday) as an alternative of September 18, 2024 (Wednesday),” the central financial institution mentioned.
“The Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) below the Liquidity Adjustment Facility (LAF) which had been availed on September 13, 2024 (Friday) and scheduled to reverse on September 17, 2024 (Tuesday) will now reverse on September 16, 2024 (Monday),” it added.
The SDF and MSF home windows below the LAF can be accessible as regular on all days as per the extant tips, it additional mentioned.
Printed – September 14, 2024 10:51 pm IST
