RBI: No transactions in GSec, Forex, Money Markets and Derivatives today as Maharashtra govt declares holiday

7 Feb 2022 , 10:40 AM

The Reserve Bank of India (RBI) has announced that there will be no transactions and settlements in Government securities (primary and secondary), foreign exchange, money markets and Rupee Interest Rate Derivatives on Monday (February 07, 2022).

This is due to a public holiday declared by the Maharashtra government today under Section 25 of the Negotiable Instruments Act, 1881.

RBI said that settlement of all outstanding transactions will accordingly get postponed to the next working day i.e., February 8, 2022.

Further, RBI announced that transactions under Liquidity Adjustment Facility (LAF) Fixed-rate Reverse Repo and MSF operations, for which the second leg settlement date was February 7, 2022, will now mature on the next working day i.e., February 8, 2022. Also, the daily LAF Fixed-rate Reverse Repo and MSF windows will be available as usual on February 7, 2022.