RBI holidays affect Settlement time frames on the equities segment, but more importantly they directly affect the Government securities market, foreign exchange market, money market and rupee interest rate derivatives market.
- Initially, the RBI holiday was supposed to be on Thur, Sept 28th,
- Then MH govt cancelled Thur, Sept 28 and declared Fri, Sept 29th as the holiday,
- Then, TODAY (Sept 28th), RBI declared that NO HOLIDAY… Both Thur, Sept 28th and Fri, Sept 29 are WORKING!!!
What the hell is happening if we cannot decide in advance whether a market is open or not???
https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=56455