The one-day strike observed by more than 21,000 employees of the Reserve Bank of India (RBI) has disrupted trading in government bonds and other markets.
Samir Ghosh, general secretary of the All India Reserve Bank of India Employees Association claimed that the strike was 100% successful with all employees taking leave, except for executive directors, the governor and deputy governors.
Traders said that there were no deals in bonds as the electronic trading platform run by the central bank was shut. Ghosh announced that there would be no active central banking operations today and no real time gross settlement, which would affect the payment and settlement operations.
Banks in India are closed on Monday for a religious holiday and settlement of deals and cheques will be done only on Tuesday.