The timings of the Reserve Bank of India (RBI) regulated markets will change from April 18. RBI instructions have been issued regarding this. From April 18, trading will start from 9 am instead of 10 am.
In the markets regulated by the Reserve Bank of India (RBI), trading will start from 9 am instead of 10 am from April 18. RBI said that it will restore the pre-corona epidemic timing of money market trading from April 18. From April 18, the currency market trading will start at 9 am, which now starts at 10 am.
RBI said, “The trading hours for various markets regulated by the Reserve Bank were revised with effect from April 7, 2020, in view of the high level of operational vulnerabilities and health risks posed by COVID-19. Thereafter, operational constraints have increased. With the reduction, trading hours were partially restored with effect from November 9, 2020.”
RBI said in a statement that in view of the substantial easing of restrictions on the movement of people and functioning of offices, it has now been decided to restore the pre-pandemic time (9 am) for the start of business in regulated financial markets.
What will be the timing?
The timings for call/notice/term money market operations will be revised from 9 am to 3.30 pm, from 10 am to 3.30 pm at present. The revised timings for market repo in government securities will be from 9 am to 2.30 pm, from 10 am to 2.30 pm at present.
The revised timings of tri-party repo in government securities will be from 9 am to 3 pm, from 10 am to 3 pm at present. Closing time for all will be same. The opening hours have been shifted from the current 10 am to one hour earlier to 9 pm. The new timing will be applicable from April 18, 2022.
Significantly, after the monetary review on Friday, RBI Governor Shaktikanta Das had announced the resumption of trading in all financial markets from April 18 at 9 am.
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