Money markets to remain shut on Jan 22: RBI

New Delhi, Jan 19 (IANS) Reserve Bank of India (RBI) on Friday said that the money markets will remain closed on January 22.

RBI said that as the Maharashtra government has declared January 22 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881, 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.It said that the settlement of all outstanding transactions will accordingly get postponed to the next working day i.e. January 23.–IANSsan/dan