On Monday the Reserve Bank Of India (RBI) has announced that it has decided to restore trading hours for various regulated markets in a phased manner from November 9, 2020. 

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The RBI on April 7, 2020, had previously amended the trading hours for the markets because of the elevated levels of health risks posed by COVID-19 and in view of the operational dislocations. The RBI said, “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.”

According to RBI’s new guidelines which are applicable from November 9, 2020, the trading hours have been extended by 90 minutes till 3:30 p.m. for the Commercial paper and Certificates of Deposit, Repo in Corporate Bonds, Government Securities, Foreign Currency/Indian Rupee Trades including Forex Derivatives, Rupee Interest Rate Derivatives, and Call/notice/term money. In the case of ‘market repo in government securities’ the timing from next week will be 10 a.m. to 2:30 p.m., and ‘tri-party repo in government securities’ 10 a.m. to 3 p.m. 

Though, the market will continue to open at 10 a.m. instead of 9 a.m. as per guidelines of RBI issued on April 7, 2020.

With Warm Regards,

CL Bureau.

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