On September 18, the rupee will not be converted against the dollar and the foreign exchange market will remain closed

FOREX MARKET: There is an important news for those who want to get rupee against US currency dollar, that is on Wednesday, September 18, 2024, rupee will not be available against dollar and dollar will not be available on exchange. For Rs. This is because the foreign exchange market is closed on Wednesday. Hence, there will be no transactions in government securities, foreign exchange and currency markets. Reserve Bank of India (RBI) announced this important information through social media. The Maharashtra government has made changes to the 16th September holiday and posted on social media platform X (old Twitter) that there will be no trading and settlement in government securities, foreign exchange and currency markets on 18th September 2024. In a press release issued by the Central Bank, the Government of Maharashtra has declared September 18, 2024 as a public holiday. The public holiday on September 16, 2024, which was already announced by the Maharashtra government, has been cancelled. Therefore, on September 18, 2024, there will be no transactions and settlements in government securities, foreign exchange, money market and rupee interest rate derivatives. Settlement of all transactions pending on September 18, 2024 will be postponed to next working day i.e. September 19, 2024. Change in public holiday under Negotiable Instruments Act – No transactions and settlements in government securities, foreign exchange and money markets on September 18, 2024: Reserve Bank of India (RBI) pic.twitter.com/mfxx7E7mM4— ANI (@ANI) September 14, 2024 Foreign The stock market will open on September 16. The government bond market, foreign exchange market, currency market and rupee interest rate derivatives market will remain open on September 16, 2024, RBI further said. Settlement of secondary market transactions in government securities, foreign exchange market, money market and rupee interest rate derivatives market to be held on September 17, 2024 will be held on the same day i.e. September 17, 2024. Also Read: Do you know the news of extension of deadline for free update of Aadhaar card? Know now that the auction of government bonds will be held on September 17. The auction of Government of India dated bonds will be held on September 17, 2024, RBI said. Auction of State Government Bonds scheduled on September 17, 2024 will be settled on September 19, 2024 (Thursday) instead of September 18, 2024 (Wednesday). Fixed Deposit Facility (SDF) and Marginal Facility (MSF) will now be provided under the Liquidity Adjustment Facility (LAF) which will be drawn on September 13, 2024 (Friday) and withdrawn on September 17, 2024 (Tuesday). Retrieved on September 16, 2024 (Monday). Additionally, SDF and MSF windows under LAF will be available as usual on all days as per existing guidelines. Also read: Spending on tea and drinks will make you rich, this is the wonder of SIP No rupee available for dollar on September 18, forex market to be closed appeared first on Prabhat Khabar.