Key Points
Mumbai: The Reserve Bank of India has said there will be no trading in government securities, foreign exchange markets, money markets and rupee interest rate derivatives on January 22, as the government of Maharashtra has declared the day as a public holiday...
Settlement of all outstanding transactions will accordingly get postponed to the next working day i.e., January 23, 2024 (Tuesday), the RBI said...
The 3-day variable rate repo (VRR) auction conducted by the RBI on Friday, which is scheduled to reverse on January 22, will now be reversed on January 23..
Meanwhile, a 3-day VRR auction that the RBI had earlier said would be conducted on January 22 stands cancelled and instead a 2-day VRR auction will be carried out on January 23...
..on January 19, 2024 (Friday), an extra issue each of Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) with reversal on January 23, 2024 (Tuesday) is being made available, the RBI said.. VRR auctions are used by the RBI to inject liquidity into the banking system while the MSF and the SDF are central bank windows for banks to borrow funds and park funds, respectively...
