Trading Hours For RBI-Regulated Markets To Be Restored In Phased Manner
Trading hours for Reserve Bank of India-regulated markets will be restored in a phased manner, the central bank said on Monday. The development is in line with easing of restrictions imposed in late March to curb the COVID-19 pandemic, which has put the economy on track to register its worst annual contraction in more than four decades. With effect from November 9, the trading hours for the RBI-regulated markets - currency and bonds - will be extended from the current timings of 10 am to 2 pm.Â
Here are the timings of various RBI-regulated markets with effect from November 9:Â
| Market | Existing Amended Timings | Revised Amended Timing |
|---|---|---|
| Call/notice/term money | 10 AM to 2 PM | 10 AM to 3:30 PM |
| Market repo in government securities | 10 AM to 2 PM | 10 AM to 2:30 PM |
| Tri-party repo in government securities | 10 AM to 2 PM | 10 AM to 3 PM |
| Commercial paper and Certificates of Deposit | 10 AM to 2 PM | 10 AM to 3:30 PM |
| Repo in Corporate Bonds | 10 AM to 2 PM | 10 AM to 3:30 PM |
| Government Securities (Central Government Securities, State Development Loans and Treasury Bills) | 10 AM to 2 PM | 10 AM to 3:30 PM |
| Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives* | 10 AM to 2 PM | 10 AM to 3:30 PM |
| Rupee Interest Rate Derivatives* | 10 AM to 2 PM | 10 AM to 3:30 PM |
| *: other than those traded on recognised stock exchanges | ||
| (Source: RBI) | ||
The RBI had trimmed the trading hours in April due to coronavirus outbreak, citing "unprecedented situation created by the COVID-19 outbreak" and the "resultant dislocations" caused due to social distancing and other prescribed norms causing volatility in the markets.
Currently, the RBI regulates foreign exchange, corporate bond/commercial paper, government security, deposit certificate and currency as well as commodity derivatives instruments.
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