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Govt Bond And Forex Markets Will Remain Operational On Thursday & Friday

The auction of government-dated securities initially planned for Friday will now take place on Thursday, with settlement scheduled for Friday.

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The Reserve Bank of India has announced that the government securities market, foreign exchange market, money market, and rupee interest rate derivatives market will remain open on both Thursday and Friday. 

This decision aims to ensure smooth operations and non-disruptive settlement of transactions, particularly in light of the quarter/half-year end.

The release further states that the auction of government-dated securities, initially scheduled for Friday, will now take place on Thursday, with settlement occurring on Friday. Additionally, the underwriting auction for the sale of government securities will also be conducted on Thursday. 

The settlement of the government treasury bills auctioned on Wednesday will likewise occur on Friday.

It is important to note that while a public holiday had previously been declared for Thursday, it has since been cancelled, and a public holiday has been declared for Friday by the Maharashtra government.