RBI reschedules financial coverage assembly after Lata Mangeshkar’s demise

India’s central financial institution has rescheduled its financial coverage committee assembly by a day to Feb. 8-10, it stated in an announcement on Sunday, citing a public vacation within the state of Maharashtra to mourn the demise of Bollywood singer Lata Mangeshkar.
The Reserve Bank of India’s choice on key rates of interest, scheduled for Wednesday, is now anticipated on Thursday.
RBI additionally stated there will likely be no transactions in authorities securities, international alternate, cash markets and Rupee Interest Rate Derivatives on Monday, Feb. 7.
Mangeshkar, considered one of India’s greatest recognized cultural icons and a singer who outlined music for generations, died on Sunday and was given a state funeral.