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Markets and Banks Open July 7 as Schools Largely in Session After Ashura Observance

National markets and banks treated July 7 as a regular working day after Ashura fell on Sunday, July 6, with schools closed only in Palghar district due to rainfall.

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According to the official website of RBI, there is no bank holiday in India scheduled for today
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Overview

  • Crescent-moon committees fixed Ashura on Sunday, July 6, ending earlier uncertainty over the 10th of Muharram.
  • The NSE and BSE trading calendars confirmed Monday, July 7, as a standard market day since Ashura coincided with the weekend.
  • The Reserve Bank of India’s official holiday list did not include Muharram for July 7, so all banks operated as usual.
  • State gazetted holiday lists marked July 6 for Ashura, allowing most schools and colleges to resume classes on Monday.
  • Palghar district collector Indu Rani Jakhad ordered a school closure on July 7 under a heavy-rainfall advisory, the lone regional exception.