New Delhi: The market timing for various markets has been revised by the Reserve Bank of India (RBI). The new rule will come into effect from Monday. From Monday, i.e April 18, 2022, trading at market regulated under RBI’s rule like Foreign Currency (FCY)/Indian Rupee (INR) Trades, including Forex Derivatives, Rupee Intrest Rate Derivatives, Repo in Corporate Bonds, etc, will start at morning 9:00 am in place of the current timing at 10 am.
The current timing was announced due to Covid-19 infection. However, the central bank of India decided to change the timing after easing in Covid-19 restrictions.
As per the new timing, trading hours for the RBI regulated markets will start at 9:00 am and end at 3:30 pm.
The circular issued by RBI, the trading hours for various markets regulated by the Reserve Bank were amended with effect from April 7, 2020 in view of the operational dislocation and elevated levels of the health risk posed by COVID-19. Subsequently, with the abatement of operational constraints, the trading hours were partially restored with effect from November 9, 2020.
The notification also said, ”With the substantial easing of restrictions on the 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 am Accordingly, with effect from April 18, 2022, the trading hours for the markets regulated by the Reserve Bank would be as under:”
RBI also issued a chart that tells the exact timing of the start of the market and the ending of the same.
Check below the revised timing:
1. Call/notice/term money – 10:00 am to 3:30 pm 9:00 am to 3:30 pm
2. Market repo in Government Securities – 10:00 am to 2:30 pm 9:00 am to 2:30 pm
3. Tri-party repo in Government Securities – 10:00 am to 3:00 pm 9:00 am to 3:00 pm
4. Commercial paper and Certificates of Deposit – 10:00 am to 3:30 pm 9:00 am to 3:30 pm
5. Repo in Corporate Bonds-10:00 am to 3:30 pm 9:00 am to 3:30 pm
6. Government Securities (Central Government Securities, State Development Loans and Treasury Bills) – 10:00 am to 3:30 pm 9:00 am to 3:30 pm
7. Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives – 10:00 am to 3:30 pm 9:00 am to 3:30 pm
8. Rupee Interest Rate Derivatives – 10:00 am to 3:30 pm 9:00 am to 3:30 pm