RBI declares holiday for money markets on Jan 22

"Instead, a 2-day VRR auction will now be conducted on January 23, 2024 (Tuesday)," RBI said.

January 19, 2024 17:43 IST

"The 3-day Variable Rate Repo (VRR) auction conducted today with date of reversal on January 22, 2024 (Monday) will now be reversed on January 23, 2024 (Tuesday)," the release added.

The Reserve Bank of India has declared holiday for money markets on Jan 22.

“There will be no transactions and settlements in government securities (primary and secondary), foreign exchange, money markets and Rupee Interest Rate Derivatives on January 22, 2024 (Monday). Settlement of all outstanding transactions will accordingly get postponed to the next working day i.e., January 23, 2024 (Tuesday),” according to a press release by the Reserve Bank of India.

“The 3-day Variable Rate Repo (VRR) auction conducted today with date of reversal on January 22, 2024 (Monday) will now be reversed on January 23, 2024 (Tuesday),” the release added.

“Instead, a 2-day VRR auction will now be conducted on January 23, 2024 (Tuesday),” RBI said.

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This article was first uploaded on January nineteen, twenty twenty-four, at forty-three minutes past five in the evening.