RBI announces extended money market trading hours from 9 November
04 Nov 2020
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The Reserve Bank of India has extended trading hours for currency, including forex derivatives, government securities, commercial paper and certificates of deposit by 90 minutes, effective 9 November.
Accordingly, trading hours for rupee and bond markets have been revised to 10 am to 3:30 pm (IST) as against 10 am to 2 pm earlier.
For market repo and tri-party repo in government securities, the new timings will be from 10 am to 2:30 pm and from 10 am to 3:00 pm, respectively.
The extension in trading hours comes following easing Covid-19 lockdown restrictions across the country.
The RBI had limited the trading hours for the money market due to the Covid-19 restrictions after the lockdown in March.
The trading hours for various markets regulated by the Reserve Bank were amended effective from 7 April 2020 in view of the operational dislocations and elevated levels of health risks posed by Covid-19, RBI stated in a release.
"With the graded roll-back of the lockdown and easing of restrictions on movement of people and functioning of offices, it has been decided to restore trading hours for regulated markets in a phased manner," the statement added.
