On Monday, the Reserve Bank of India (RBI) declared that trading times in RBI-regulated markets, including the money market, had been returned to pre-pandemic levels.
Trading in RBI-regulated markets will begin at 9 a.m. today (April 18) and stop at 3.30 p.m., according to a statement released on Monday by the central bank.
The markets were open at 10 a.m. till today. Bank customers will benefit from an extra hour of work due to the shift in trade timings. Bank closing times, on the other hand, have not been altered.
What they said: “With the major relaxation of limitations on people’s movement and office working, it has now been agreed to restore the opening time for regulated financial markets to its pre-pandemic timing of 9 a.m.,” according to the release.
Following this, the trading hours were partially restored with effect from November 9, 2020, due to the removal of operational constraints. With the significant lessening of limitations on people’s movement and office operations, it has now been decided to return regulated financial markets to their pre-pandemic opening time of 9:00 a.m.”
Trading hours for the markets regulated by the RBI would be as follows:
- Call/notice/term money – 9:00 am to 3:30 pm
- Market repo in Government Securities – 9:00 am to 2:30 pm
- Tri-party repo in Government Securities – 9:00 am to 3:00 pm
- Commercial paper and Certificates of Deposit – 9:00 am to 3:30 pm
- Repo in Corporate Bonds-9:00 am to 3:30 pm
- Government Securities (Central Government Securities, State Development Loans and Treasury Bills) – 9:00 am to 3:30 pm
- Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives – 9:00 am to 3:30 pm
- Rupee Interest Rate Derivatives –9:00 am to 3:30 pm