New Delhi: The Reserve Bank of India (RBI) announced to increase in the trading hours of the market on Wednesday. Now there will be a business in the market like before Corona. This decision of RBI will come into effect from Monday 12 December next week. After this decision, there will be one and a half hours more trading in call/notice/term money, commercial paper and certificates of deposits, repo in corporate bonds, and rupee interest rate derivatives.
According to a report by Moneycontrol, two years ago during the Corona epidemic, trading hours were cut on 7 April 2020. This decision was taken because due to Corona, public life had become disorganized, and serious health hazards had arisen. Now that the situation has become normal, the Reserve Bank of India started bringing the trading hours back on track in a phased manner. This year, on April 18, 2022, the opening time for regulated market hours was changed from 9 am. Now it has been announced to completely conform to the pre-Covid timing, which will come into effect from 12th December.
This will be the new timetable
Presently, the call/notice/term money market operates from 9 am to 3.30 pm. After December 12, the time will be changed from 9 am to 5 pm. The Repo market in government security now works from 9 am to 2:30 pm. From next week Monday also work will be done from 9 am to 2.30 pm only. Trading in the commercial paper and certificate of deposits market currently takes place from 9 am to 3:30 pm. Its timing will be from 9 am to 5 am on Monday.
The timing of the corporate bonds repo will also be changed from 9 am to 3:30 pm to 9 am to 5 pm. Trading on Rupee interest rate derivatives is currently being done from 3:00 am to 3:30 pm. Work will be done from 9 am to 5 pm from December 12.
