Market timings: The Reserve Bank of India (RBI) has increased market timings for various markets regulated by the central bank of India. From 18th April 2022, trading at RBI regulated markets like Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives, Rupee Interest Rate Derivatives, Repo in Corporate Bonds, etc. will begin at its pre-Covid timings i.e. at morning 9:00 AM instead of 10 AM.
So, from Monday, trading hours for these RBI regulated markets will be morning 9:00 AM to evening 3:30 PM. The central bank of India said that it has taken this decision after ease in Covid-19 restrictions.
Informing about its decision, the RBI said, “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 of 9:00 A.M.”
The trading hours for various markets regulated by the RBI were amended with effect from 7th April 2020 in view of the operational dislocations and elevated levels of health risks posed by Covid-19. Subsequently, with abatement of operational constraints, the trading hours were partially restored with effect from 9th November 2020.
RBI regulated markets and its revised timings:
View Full Image
Thus, from 18th April 2022, trading at Call/notice/term money, Market repo in Government Securities, Tri-party repo in Government Securities, Commercial paper and Certificates of Deposit, Repo in Corporate Bonds, Government Securities (Central Government Securities, State Development Loans and Treasury Bills), Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives (other than those traded on recognised stock exchanges) and Rupee Interest Rate Derivatives (other than those traded on recognised stock exchanges) will begin at its pre-Covid timings i.e. 9:00 AM instead of 10:00 AM. Trading at these RBI regulated markets will end at its usual 3:30 PM time. So, the new RBI regulation has increased trading hours at these regulated financial market by an hour.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
