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Policy● Neutral for Indian equities
Bank holidays in October 2026: SBI, HDFC, and other lenders to remain shut for up to 11 days — Check RBI calendar
The brief
- Banks in India will close for multiple days in October 2026, with closures of up to 11 days
- Bank closures may briefly disrupt branch services for Indian bank customers
- India forex reserves surge to a record high in September and to provide cover for 11.2 months of goods imports, says RBI
- India's forex reserves fall $14.89 billion to $766 billion
- Nomura expects RBI to raise rates by up to 50 bps by December
- Markets pricing an excessive 125bps rate hike over the next one year: Nomura
- Banks open on Sunday ahead of nationwide strike: Will you get your salary today?