20 October,2026 10:46 AM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
The Indian forex market will remain closed on Tuesday, October 20 on account of Dussehra.
On Monday, the rupee snapped its six-session gaining streak and settled lower by 2 paise for the day at 94.91 against the US dollar, according to news agency PTI.
The sustained selling from foreign investors and elevated crude oil prices weighed on the domestic currency, while the sharp decline in the equity market also impacted the rupee.
Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 1,148.64 crore on Monday, according to exchange data.
At the interbank foreign exchange market, the rupee opened at 94.90 against the US dollar, and eventually, settled at 94.91 against the American currency, registering a loss of 2 paise from its previous close.
During the week ended October 16, the Indian currency appreciated approximately 2 per cent, supported by the Reserve Bank of India's measures to curb spot dollar demand.
According to Reserve Bank of India (RBI) data released on Friday, India's foreign exchange reserves dropped USD 8.578 billion to USD 726.027 billion during the week ended October 9.
According to the official holiday calendar issued by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), the bourses will remain closed on Tuesday, October 20, 2026.
On Monday, the 30-share BSE Sensex tanked 876.37 points, or 1.17 per cent, to settle at 73,852.90. The 50-share NSE Nifty slumped 257.20 points, or 1.11 per cent, to end at 22,888.95.
Banks in most parts of the country will remain closed on account of Dasara/Dusshera (Vijaya Dashmi) (Aaso sud-10)/Mahanavami, Ayudhapooja/Durga Puja, according to RBI website. These include the states of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Mizoram, Nagaland, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Tripura, Uttar Pradesh, Uttrakhand and West Bengal.
Banks will remain open for operations in Sikkim and Manipur.
Dussehra, also known as Vijayadashami, is celebrated on the 10th day of the Hindu month of Ashwin, immediately after the nine days of Navratri. The festival marks the triumph of good over evil and holds different religious and cultural meanings across India.
(With inputs from PTI)
