(Satya Havilah, Intern Journalist) Mumbai: The Reserve Bank of India (RBI) is raising the rupee and bond market trading hours. Corona decided to increase trading hours as sanctions gradually eased. Foreign Currency, Rupee Market (Forex Derivatives), Government Securities, Commercial Paper, Certificate of Deposit) will be increased by another 1.50 hours. Currently, the rupee market closes at 3:30 P.M. Which ended earlier at 2 P.M. The rupee market opening time is 10 A.M.
However, the revised dates will come into effect from the 9th of next month (November). The RBI said in a statement that it had decided to phase out the trading hours of regulated markets in the wake of the easing of lockdown sanctions. However, the market times in the light of revised times are as follows,
Call, Notice, Term Money Current time is from 10 AM to 2 PM It will be held from November 9 until 3:30 PM. The government securities market repo was raised from 2 PM to 2.30 PM.
The Tri-Party Repo (Government Securities) time has been increased from 10 AM to 2 AM and from 10 AM to 3:30 PM. The Commercial Paper and Certificate of Deposit time has been increased from 2 PM to 3.30 PM. Corporate Bonds raised the repo from 2 PM to 3.30 PM. Government Securities, Foreign Currency, Indian Rupee, and Rupee Interest Derivatives trading was also extended till 3.30 PM.
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