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Rupee-Dollar Forex Market Holiday Today: Domestic currency and bond markets will remain shut on Monday, September 8, for the Id-E-Milad holiday. Trading in the rupee as well as bonds will resume on Tuesday next.
According to the RBI's website (rbi.org.in), September 8 is listed as a holiday in Mumbai, where the country's money and capital markets are situated.
The holiday is recognised under the Negotiable Instruments Act, according to the RBI portal.
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Meanwhile, the equity and commodity markets will operate normally on Monday.
Rupee vs Dollar Latest Update | INR at record low of 88.38 vs USD
In Friday's trade, the rupee hit a fresh all-time low of 88.38 against the US dollar, before settling at 88.27 for the day, according to provisional data.
That marked a loss of 15 paise against the greenback for the day.
The fall in the domestic currency occurred despite weakness in the dollar overseas and easing crude oil rates, according to foreign exchange traders.
The rupee had begun the session at 88.11 against the US dollar.
ALSO READ | Bank Holidays in September 2025: Banks to remain shut on these days
RBI bank holidays
The RBI broadly classifies bank holidays into three types, other than weekly offs:
- Holiday under the Negotiable Instruments Act, 1881
- Examples: Independence Day, Republic Day
- Holiday under the RBI Act
ALSO READ: Banks to remain shut on these Days
Closing of Accounts
These are not public holidays as such, but normal banking services are not available for the public.
Besides, there are also certain state-specific holidays, whose dates vary from state to state depending on local festivals and laws.
Next stock market holiday
Meanwhile, the next holiday in the country's capital market is due on October 2 for Mahatma Gandhi Jayanti.
This will be a Thursday, with trading set to resume on Friday after Wednesday's session.
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