RBI to remain open on July one

The Reserve Bank of India will remain open for market transactions on July 1, an RBI release said here today.

The Reserve Bank of India normally remains closed for public transactions on July 1 on account of its annual closing of accounts. The Reserve Bank's accounting year is July to June.

The central bank said on a review and in order to facilitate the settlement of market transactions like services, such as, RTGS/ NEFT, transfer of funds and settlement of securities will be available from 11.00 am on July 1.