RBI holiday flip-flops

General
1

RBI holidays affect Settlement time frames on the equities segment, but more importantly they directly affect the Government securities market, foreign exchange market, money market and rupee interest rate derivatives market.

  • Initially, the RBI holiday was supposed to be on Thur, Sept 28th,
  • Then MH govt cancelled Thur, Sept 28 and declared Fri, Sept 29th as the holiday,
  • Then, TODAY (Sept 28th), RBI declared that NO HOLIDAY… Both Thur, Sept 28th and Fri, Sept 29 are WORKING!!!

What the hell is happening if we cannot decide in advance whether a market is open or not???

https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=56455

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2

@Tradingqna can you confirm that today is the usdinr expiry as per NSE circular not tomorrow?

3

Its crazy indead !! They changed USDINR expiry by 1 day( preponed it) and now RBI says no holiday . Options premiums would be confused - Kab marna hai unhe bhi nhi pata :stuck_out_tongue: !!

They did this twice in 6 months , crazy people!!!

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4

Hahah…True

But it is also bit tricky, most of the festivals are based on the timing which can alter by a day so kind of becomes tricky to already release the holiday list before an year.

Having option expiry everyday makes it even more trickier for traders and other stakeholders :smiley:

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5

Looks like its today as per price and NSE circular:

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image575×520 32.1 KB

6

Its crazy ,option buyers must be cursing changing contracts by a day . I don’t know these people sitting in NSE knows how options works. :stuck_out_tongue:

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7

Really sorry for the previous response, @AlgoEye

https://nsearchives.nseindia.com/content/circulars/CD58640.pdf

As per exchanges, the expiry will be today itself. We have to follow the rules set out by Exchanges. They are the final authority.

As you rightly mentioned, tough for option buyers

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