Tuesday June 30 2015
News Source: Global Exchanges
Focus: Holidays and Opening Hours and suspensions
Type: General
Country: India
Link: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=34305
In order to facilitate the settlement of market transactions, and also to aid the transactions of the general public, the Reserve Bank of India has announced that it will remain open for public transactions on July 1, 2015. Normally, the Reserve Bank would remain closed for public transactions on 1st July on account of its annual closing of accounts.
In view of the annual closing of its books of account, on 1st July 2015:
- services, such as, RTGS/ NEFT, transfer of funds and settlement of securities will be available from 11.00 a.m. onwards;
- settlement of funds as well as securities for all transactions that settle on T+0 basis will be effected from 11.00 a.m. onwards;
- settlement of all outstanding transactions under the Reserve Bank’s liquidity adjustment facility(LAF) / marginal standing facility (MSF) due for reversal will take place at 11.00 a.m. on that day; and
- the morning LAF window will operate between 11.30 a.m. and 12.30 p.m.
Click on the link above for further details.