17,000 employees went on a strike called by unions
The exchange rates for the yen against the rupee were quoted at 53.90 per 100 yens
Mumbai: Reserve Bank of India's settlement systems for banks and markets were not functional so far in the day as about 17,000 employees went on a strike called by unions, several traders said on Thursday.
"Usually RTGS (real-time gross settlement) starts early morning," said a dealer.
"Today there is no settlement happening so far."
Another trader said market settlement applications run by the central bank were also not fully functional.
( Source : reuters )
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