RBI to remain open on July 1 unlike previous practice
Jun 27 2014
On July 1, the Reserve Bank of India will start its real time gross settlement operation from 1200 hours (0630 GMT) and funds will be settled on T+0 basis from noon onwards.
The RBI will operate its Liquidity Adjustment Facility (LAF) window between 12:30 and 1:30 local time.
Settlement of Marginal Standing Facility (MSF) and LAF transactions due for reversal will be at 1200 hours on July 1.