RBI Increases Market Trading Hours From Next Week
On Monday the reserve bank of India announced phased restoration of trading hours for various debt as well as currency market from November 9 as the country has started graded roll-back of the lockdown. RBI regulated the trading hours for various markets which were redacted from April 7, 2020, because of the huge health risk due to Covid 19 and the operational dislocations. The market opening time was revised to 10 am instead of 9 am for all segments. Closing timing too was revised to 2 instead of 3:30 pm
The RBI said "With the graded roll-back of the lockdown and easing of restrictions on the movement of people and functioning of offices, it has been decided to restore trading hours for regulated markets in a phased manner,"
From November 9, 2020, the trading hours have been extended by 90 minutes till 3.30 pm for most of the segments. In the case of 'market repo in government securities' the timing from next week will be 10 am to 2.30 pm, and 'tri-party repo in government securities' 10 am to 3 pm.
Trading hours will be 10 am to 3:30 pm for various sectors like 'Commercial paper and Certificates of Deposit', 'Repo in Corporate Bonds', 'Government Securities', 'Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives', 'Rupee Interest Rate Derivatives', and 'Call/notice/term money'.