Money markets to remain shut on January 22 due to Ram Mandir event, says RBI

With Maharashtra Government declaring a public holiday on Monday, the Reserve Bank has said that there will be no transactions and settlements in Government securities (primary and secondary), foreign exchange, money markets and Rupee Interest Rate Derivatives on 22nd January.   Modifying its earlier press release, wherein revised timings from 2.30 pm to 5 pm had been declared for trading, the Reserve Bank said there will be no transactions on that day. Accordingly, settlement of all outstanding...