The Reserve Bank of India (RBI) has declared September 8 (Monday) as a public holiday, instead of the earlier declared September 5 (Friday). Accordingly, there will be no transactions and settlements in government securities, foreign exchange, money markets and rupee interest rate derivatives on the newly-declared holiday.
Informing about the change, RBI in a statement on September 4 announced that government securities market, foreign exchange market, money market and rupee interest rate derivatives market will remain open on September 5 (Friday).
"Settlement of all outstanding transactions due on September 08, 2025 (Monday) will get postponed to the next working day, i.e., September 09, 2025 (Tuesday). Settlement of the auction of Government of India Dated Securities conducted on September 04, 2025 (Thursday) will take place on September 09, 2025 (Tuesday),"the central bank said.
The Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) windows under the Liquidity Adjustment Facility (LAF) will be available as per the revised holiday, the RBI added. Accordingly, all the SDF and MSF bids placed today will get reversed tomorrow (September 5). Further, the SDF and MSF windows will be available as usual on all days as per the extant guidelines, RBI said.
This comes as Maharashtra government revised the public holiday date for Eid-e-Milad in Mumbai city and suburban districts from September 5 to September 8. As per the government notification, government offices in Mumbai city and suburbs will remain open on September 5, with the public holiday now being applicable instead on September 8. However, in all other districts of Maharashtra, the public holiday for Eid-e-Milad will continue to be observed on September 5, 2025, as previously declared.
Are stock markets shut on September 8?
No, stock markets will remain open on September 8. Trading on NSE and BSE will continue as usual from 9.15 am to 3.30 pm.
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