From Monday (April 18) the times for various markets will be changed. These are the markets regulated by the Reserve Bank of India (RBI), such as overnight money, commercial paper, government securities, and foreign exchange and Indian rupee transactions, including forex derivatives. Opening hours for the markets have been restored to the pre-pandemic timing of 9:00 am.
“Trading hours for several markets regulated by the Reserve Bank have changed effective April 7, 2020, amid operational disruptions and heightened health risks due to COVID-19. Subsequently, with the removal of operational restrictions, trading hours were partially restored as of November 9, 2020,” the Reserve Bank of India said in a statement.
It added that with the substantial easing of restrictions on people’s movement and office functioning, it has now decided to restore the opening hours for regulated financial markets to their pre-pandemic timing of 9:00 am, effective April 18. Here is the list of markets and their news timing:
The existing and new times
Call, notification and installment money: The existing timing for this market is from 10 a.m. to 3:30 p.m. Now, this timing has been restored to the pre-pandemic timing of 9:00 AM – 3:30 PM, effective Monday.
Market repo in government securities: The timing has been restored from the existing 10am – 2.30pm to 9am – 2.30pm, with an hour extension by opening early.
Tri-party repo in government securities: The timing of this market has been changed to 10:00 AM – 3:00 PM. Now this has been restored to the pre-pandemic timing of 9am-3pm.
Commercial paper and certificates of deposit: Currently, this market remains open from 10 a.m. to 3:30 p.m. Now the opening time has been brought forward to 9:00 AM and the closing time remains the same at 3:30 PM.
Repo in corporate bonds: The new timing from April 18 is from 9:00 AM to 3:30 PM. This was fixed at 10am-3:30pm during the pandemic.
Government securities (central government securities, government development loans and treasury bills): The timing has changed from 9am to 3:30pm effective Monday, compared to currently 10am to 3:30pm.
Forex and Indian Rupee Trading, Including Currency Derivatives: The new timing for this is 9am – 3:30pm, as opposed to the current timing of 10am – 3:30pm.
Rupee Interest Rate Derivatives: The new timing for this market is from 9am to 3:30pm, compared to 10am to 3:30pm during the pandemic. This market includes derivatives other than those traded on recognized exchanges.
In addition, the Reserve Bank of India (RBI0 and the Securities and Exchange Board of India (Sebi) are also exploring the possibility of synchronizing trading time for all markets, including stocks, bonds, currencies and commodities, to ensure ease of trading for investors, according to messages.
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