Employees of Reserve Bank of India are set to strike after six years, threatening to disrupt bond and foreign exchange markets for a day as workers protest institutional reform and demand better pensions.
“Mass Casual Leave” by four unions of RBI could affect settlements under a platform operated by the central bank said by traders.
Mumbai based head of fixed income at SBI funds Manage Rajeev Radhakrishnan said that “Since RBI owns most of the settlement; the strike may leave to some disruptions in the bond markets”.
Raghuram Rajan is the first governor under whom this big strike will go on floors.
