2024-01-20 09:33:51 am | Source: IANS
Money markets to remain shut on January 22: RBI
Reserve Bank of India (RBI) on Friday said that the money markets will remain closed on January 22.
RBI said that as the Maharashtra government has declared January 22 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881, there will be no transactions and settlements in government securities (primary and secondary), foreign exchange, money markets and Rupee Interest Rate Derivatives on January 22.
It said that the settlement of all outstanding transactions will accordingly get postponed to the next working day i.e. January 23.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
MOSt Market Roundup : Nifty future closed negative w...
Evening Track : Commodities trading mixed as Preside...
Quote on Nifty by Vatsal Bhuva, Technical Analyst at...
Quote on Pre-Budget Expectations by Mr. Sebi Joseph,...
Union Budget 2025 wish list by Mr. George Alexander ...
Quote on Market Wrap by Mr. Ajit Mishra ? SVP, Resea...
PhonePe celebrates Mahakumbh mela with Rs 144 flat c...
Quote on Market Wrap Up by Shrikant Chouhan, Head Eq...
2025 Fashion Trends: Insights into the Colors, Style...
Daily Market Commentary : Investors will closely tra...
