Indian government bond and money markets will remain open on Wednesday, according to reports from traders citing notifications from the Clearing Corp of India. Meanwhile, both markets will be closed on Thursday in observation of a religious holiday. The holiday was originally scheduled for Wednesday, but the Maharashtra state government changed the date on Monday evening. Mumbai, the country’s financial capital, is located in Maharashtra. While the debt market shift has been confirmed, there is still no word on whether the foreign exchange market will also be open. Traders await an official notification from the Reserve Bank of India to clarify the situation.
Indian Money Markets Remain Open on Wednesday, Close on Thursday – Traders
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