Informist, Monday, Apr 11, 2022
--RBI: Gilt, FX, call mkt trade hours to be 0900-1530 IST from Apr 18
MUMBAI – The Reserve Bank of India has decided to restore the opening time for financial markets regulated by it to the pre-pandemic timing of 0900 IST, effective from Apr 18, the central bank said in a release today.
However, there will be no change in their current closing time of 1530 IST.
Before the outbreak of COVID-19, financial markets regulated by the RBI were open from 0900 IST to 1700 IST.
In the wake of the pandemic and the subsequent lockdown, the RBI had initially decided to revise trading hours for various markets to 1000-1400 IST from Apr 7-Nov 9, 2020. Going forward, the RBI again revised trading hours for money markets, gilts, and forex markets regulated by it to 1000 IST to 1530 IST from Nov 9, 2020.
"With the substantial easing of restrictions on movement of people and functioning of offices, it has now been decided to restore the opening time for regulated financial markets to their pre-pandemic timing," the release said.
Accordingly, the trading hours for the markets regulated by the RBI are as under:
Market | Regular timings pre-COVID | Amended timings on Nov 9, 2022 | Revised amended timings from Apr 18 |
Call/notice/term money | 0900-1700 IST | 1000-1530 IST | 0900-1530 IST |
Market repo in government securities | 0900-1430 IST | 1000-1430 IST | 0900-1430 IST |
Tri-party repo in government securities | 0900-1500 IST | 1000-1500 IST | 0900-1500 IST |
Commercial paper and Certificates of Deposit | 0900-1700 IST | 1000-1530 IST | 0900-1530 IST |
Repo in corporate bonds | 0900-1800 IST | 1000-1530 IST | 0900-1530 IST |
Government securities (central government securities, State Development Loans and Treasury Bills) | 0900-1700 IST | 1000-1530 IST | 0900-1530 IST |
Foreign Currency (FCY)/Indian Rupee (INR) | 0900-1700 IST | 1000-1530 IST | 0900-1530 IST |
Rupee interest rate derivatives* | 0900-1700 IST | 1000-1530 IST | 0900-1530 IST |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Vishal Sangani
Edited by Tanima Banerjee
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