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RBI to remain open to facilitate transactions on July 1

Reserve Bank said its offices will remain open on July 1 to facilitate public transactions and settlement of market transactions

June 28, 2016 / 21:44 IST
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Reserve Bank said its offices will remain open on July 1 to facilitate public transactions and settlement of market transactions.

"On a review and in order to facilitate the settlement of market transactions, as also, to aid the transactions of the general public, the Reserve Bank has decided that it will remain open for public transactions on July 1, 2016," the central bank said in a statement.

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Normally, the RBI remains closed for public transactions on July 1 every year on account of annual closing of accounts.

The Reserve Bank's accounting year runs from July 1 to June 30.