Public Holiday Change Imacts Government Securities, Forex, and Money Markets on September 18, 2024
Saturday, 14 September 2024, 21:56
Impact of the Public Holiday Change
The Government of Maharashtra has declared September 18, 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. This means there will be no transactions or settlements in government securities, forex, and money markets on this day.
Previous Announcements
- The holiday, previously announced for September 16, 2024, has been amended.
- This change by the RBI aims to streamline operational procedures.
Significance for Traders
Market participants need to plan their activities accordingly, as the absence of trading can affect liquidity and market dynamics. Adjusting schedules in advance is crucial to navigate this public holiday effectively.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.