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RBI Increases Trading Hours For Money Market; Revised Timing To Be Effective Nov9

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As the Unlock 6.0 is currently underway amid lockdown relaxations, the central bank has increased trading hours for the currency and bond markets. Consequently, trading hours for forex and bond markets including G-securities, commercial paper, CDs and forex derivatives has been increased by 1.5 hours to 3:30 pm as per IST.

RBI Extends Trading Hours For Money Market Effective November 9
 

Owing to covid related challenges, the RBI after nationwide lockdown imposition reduced trading hours for currency and bond market which currently operate between 10 am to 2 pm. The new timings will become effective November 9, 2020. "With the graded roll-back of the lockdown and easing of restrictions on movement of people and functioning of offices, it has been decided to restore trading hours for regulated markets in a phased manner," the Reserve Bank of India said in its statement.

The trading hours for various markets regulated by the Reserve Bank were amended effective from April 7, 2020 in view of the operational dislocations and elevated levels of health risks posed by COVID-19, the RBI said.

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Read more about: money market forex coronavirus
Story first published: Monday, November 2, 2020, 17:50 [IST]
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