logo
Bank holiday: Are banks in India open or closed today, July 7?

Bank holiday: Are banks in India open or closed today, July 7?

Hindustan Times19 hours ago
Muharram, which began on Friday, June 27, is observed worldwide as a month of reflection and devotion. The 10th day of Muharram, known as Ashura, holds deep religious significance for both Shia and Sunni Muslims across India and the world. According to the official website of RBI, there is no bank holiday in India scheduled for today(Bloomberg/Representational Image)
However, uncertainty over whether Ashura falls on July 6 or July 7 this year has caused confusion, leading many to wonder if banks in India are closed today, July 7.
Are banks closed today
According to the official website of RBI, banks across India will remain open today, July 7 as no holiday is scheduled. Earlier a bank holiday was observed on July 5 on the account of Guru Hargobind Ji's birthday.
Stock market holiday today?
Apart from banks, the Indian stock market (BSE & NSE) will be open today, Monday, July 7, 2025.
What is Ashura ?
Marking the tenth day of the month of Muharram, Ashura is commemorated as the day when Prophet Moses and the Children of Israel were saved from Pharaoh's tyranny. For Shia Muslims, this day is a reminder of the martyrdom of Imam Hussein, the grandson of Prophet Muhammad. On Ashura, a fast is observed as a way of showing gratitude to Allah.
Is Ashura on July 6 or July 7 ?
This year since the crescent moon was observed on June 26 and the Muharram began on June 27, the tenth day fell on July 6. So Ashura was observed on July 6.
Upcoming bank holidays
A total of seven bank holidays have been scheduled for the month of July by RBI. While two holidays have passed, the next bank holiday will fall on July 14 on the account of BeH Deinkhlam. Upcoming bank holidays include:
July 14, 2025- Beh Deinkhlam ( in Shillong)
July 16, 2025- Harela (in Dehradun)
July 17, 2025- Death anniversary of U Tirot Singh (in Shillong)
July, 19, 2025- Ker Puja (in Agartala)
July, 28, 2025- Drukpa Tse-zi ( in Gangtok)
Other than these days, banks are closed on every second and fourth Saturdays of the month
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rupee weakens by 46 paise to close at 85.85/$
Rupee weakens by 46 paise to close at 85.85/$

Time of India

time14 minutes ago

  • Time of India

Rupee weakens by 46 paise to close at 85.85/$

Mumbai: The Indian currency weakened nearly half a rupee to close at 85.85 per dollar on Monday, from its previous close of 85.39/$1 as uncertainty about US tariff policies resurfaced with President Donald Trump's threat of an additional 10% levy on Brics countries. The rupee opened at 85.57/$1, and weakened till 86.03/$1 on Monday, before pairing its losses and closing at 85.85/$1, likely due to intervention by the Reserve Bank, traders said. "Markets were expecting something on the trade deal with the US, but nothing came up, and the BRICS statement deteriorated sentiments. We were the second worst performing currency in Asia, and due to potential RBI intervention, we erased some losses and to be the third worst-performing Asian currency," said Dilip Parmar, currency research analyst at HDFC Securities. Japanese Yen and the Thai baht were the two worst performing Asian currencies. Traders expect the rupee to move in the range of 85.50/$1 to 86.25/$1 on Tuesday, ahead of July 9, when Trump will unveil his new stand on tariffs. In a social media post, President Donald Trump stated a new tariff policy, calling for countries "aligning themselves with the Anti-American policies" of the BRICS developing nations to be charged an extra 10% tariff, with no exceptions to be granted. India, along with Brazil, China, Russia, South Africa are part of BRICS. The dollar index gained slightly at 97.6, from 96.9 previously. "The BRICS comment has put the India-US deal in jeopardy and we are awaiting clarifications from India-US on the matter. The rupee has fallen as the market is not expecting the deal to be done soon," said Anil Bhansali, head of treasury at Finrex Treasury Advisors.

Indian stock valuations trading above average, but no overheating yet: Motilal Oswal Financial Services
Indian stock valuations trading above average, but no overheating yet: Motilal Oswal Financial Services

Time of India

time18 minutes ago

  • Time of India

Indian stock valuations trading above average, but no overheating yet: Motilal Oswal Financial Services

Valuations of Indian equities are trading above their long-term averages, indicating stocks are far from cheap at current levels. The Nifty is trading at an estimated Price to Earnings (PE) ratio of 21.7 times, above its averages for five, ten and fifteen years, according to Motilal Oswal Financial Services . The price-to-book multiple for the Nifty stands at 3 times, compared to a decade average of 2.7 times, it said. 'While valuations have crept above long-term averages, we do not consider it to be in the overheated zone,' said the brokerage's note. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Amazing Moments Captured in Perfectly Timed Photos Read More Undo The Nifty's PE ratio in September 2024, when the indices hit their peaks, was at 23-24 times. The market capitalisation-to-GDP ratio, a broad indicator of overall market valuations, is estimated at 127% for FY26, above the historical average of 87%. Agencies The measure, also known as the Buffett indicator after Warren Buffett, is down from a peak of 146% in September. The PE ratios of mid-cap and smallcap indices show their valuations are at a premium to the large-cap stocks. Motilal Oswal's head of institutional research Gautam Duggad said the firm is raising allocation to midcaps, citing superior growth. The brokerage prefers a blend of large- and mid-caps.

Foxconn feels the China squeeze in India
Foxconn feels the China squeeze in India

Time of India

time18 minutes ago

  • Time of India

Foxconn feels the China squeeze in India

Synopsis Fokskon is recalling Chinese engineers from its Indian iPhone plants. This move may affect operations. Indian electronics firms worry about machinery access. China's potential equipment curbs could hinder expansion plans. Smaller companies may face challenges due to reliance on Chinese equipment. The industry hopes for continued government support amid geopolitical tensions. Some experts believe the impact will be minimal.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store