Informist, Wednesday, Dec 7, 2022

MUMBAI - In a move towards normalising liquidity operations, the Reserve Bank of India today decided to restore trading hours for some sections of the money market to 0900-1700 IST. Later in the day, the central bank notified that this will come into effect from Monday.

The market timings have been restored for call, commercial paper, certificates of deposit and repo in corporate bond segments of the money market as well as for rupee interest rate derivatives, RBI Governor Shaktikanta Das said in his address after the meeting of the central bank's Monetary Policy Committee.

Some money market participants had urged the central bank to extend the trading hours amid increased volatility in domestic markets due to global spillovers.

The current market timings of 0900-1530 IST have been in place since Apr 18. RBI had eased restrictions on market timings in line with the easing of COVID-19 curbs across states earlier this year.  

Before the outbreak of the pandemic, financial markets regulated by the RBI functioned from 0900 IST to 1700 IST. This was restricted to 1000-1400 IST during Apr 7-Nov 9, 2020. Post Nov 9, 2020, the closing hours were extended by 90 minutes to 1530 IST. 

The revised trading hours for the markets regulated by the RBI are as follows:

End

Reported by Subhana Shaikh

Edited by Maheswaran Parameswaran

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

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Informist, Wednesday, Dec 7, 2022

MUMBAI - In a move towards normalising liquidity operations, the Reserve Bank of India today decided to restore trading hours for some sections of the money market to 0900-1700 IST. Later in the day, the central bank notified that this will come into effect from Monday.

The market timings have been restored for call, commercial paper, certificates of deposit and repo in corporate bond segments of the money market as well as for rupee interest rate derivatives, RBI Governor Shaktikanta Das said in his address after the meeting of the central bank's Monetary Policy Committee.

Some money market participants had urged the central bank to extend the trading hours amid increased volatility in domestic markets due to global spillovers.

The current market timings of 0900-1530 IST have been in place since Apr 18. RBI had eased restrictions on market timings in line with the easing of COVID-19 curbs across states earlier this year.  

Before the outbreak of the pandemic, financial markets regulated by the RBI functioned from 0900 IST to 1700 IST. This was restricted to 1000-1400 IST during Apr 7-Nov 9, 2020. Post Nov 9, 2020, the closing hours were extended by 90 minutes to 1530 IST. 

The revised trading hours for the markets regulated by the RBI are as follows:

End

Reported by Subhana Shaikh

Edited by Maheswaran Parameswaran

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 /+91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2022. All rights reserved.