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Informist, Wednesday, Jun. 25, 2025

 

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--RBI implements few proposals by working group on trade, settlement timings 
--RBI: Mkt timings for call money extended to 1900 IST from Jul 1 
--RBI: Timings for TREP mkt extended to 1600 IST from Aug 1 
--RBI: Timings for gilts, FX, IRS mkts remain unchanged 
--RBI: Revised call money mkt timing 0900-1900 IST from Jul 1 
--RBI: Revised TREP mkt timing 0900-1600 IST from Aug 1
--RBI: Timings for market repo extended to 1600 IST from Aug 1 
--RBI: Revised timing for market repo 0900-1600 IST from Aug 1 

 

NEW DELHI – The Reserve Bank of India has extended the call money market timing to 1900 IST starting Jul. 1, the central bank said Wednesday. The timing for tri-party repo and market repo has also been extended to 1600 IST, effective Aug. 1, the central bank said.

 

The call money market timing will be revised to 0900-1900 IST from the current 0900-1700 IST. The trading hours of market repo and tri-party repo will be 0900-1600 IST from August. Currently, the market repo for government securities market closes at 1430 IST and the tri-party market closes at 1500 IST. 

 

The trading hours for government securities market, foreign exchange market, and interest rate derivatives market remain unchanged. The changes are part of the recommendations of a working group headed by RBI Executive Director Radha Shyam Ratho, published on the central bank's website on May 2. These include a proposal that transactions in government securities, triparty repo and market repo all be settled at 1730-1830 IST, in line with the suggested shift in trading hours.

 

The extension in market timings in the collateralised money markets becomes key as the rates in these markets will be used to compute the Secured Overnight Rupee Rate Benchmark, the creation of which was approved by the RBI in December following another committee report. The working group in May had also recommended government bond trading with non-residents should be extended beyond bond market trading hours that end at 1700 IST, among other proposals.

 

"Other recommendations of the working group are under consideration and the decisions thereon will be taken in due course," the RBI release said.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Shubham Rana and Aaryan Khanna

Edited by Vandana Hingorani 

 

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