The Reserve Bank of India (RBI) has introduced to increase the market buying and selling hours with effect from December 12, 2022. It issued the circular on Wednesday and informed to restoring market hours in appreciate of name/note/time period cash, business paper, certificates of deposit and repo in company bond segments of the cash market to the pre-pandemic degree. The RBI changed the trading hours for various markets from April 7, 2022 in view of rising covid cases and operational dislocation. RBI had begun the recuperation of market hours in a phased manner from November 09, 2020 with the easing of pandemic-associated constraints.
“It has now been decided to restore marketplace hours in respect of call/note/term money, industrial paper, certificates of deposit and repo in company bond segments of the cash market in addition to for rupee interest price derivatives. Accordingly, with impact from December 12, 2022, the revised buying and selling hours for the markets regulated through the Reserve Bank,” RBI said in the circular.
THESE are the new timings of market buying and selling:
Market Extant Timings with impact from December 12, 2022
Call/note/term cash — 9:00 AM to a few:30 PM 9:00 AM to five:00 PM
Market repo in government securities — nine:00 AM to two:30 PM 9:00 AM to two:30 PM
Tri-celebration repo in government securities — nine:00 AM to three:00 PM 9:00 AM to 3:00 PM
Commercial paper and Certificates of Deposit — nine:00 AM to 3:30 PM 9:00 AM to five:00 PM
Repo in Corporate Bonds — 9:00 AM to three:30 PM 9:00 AM to five:00 PM
Government Securities (Central Government Securities, State Development Loans and Treasury Bills) –nine:00 AM to 3:30 PM nine:00 AM to three:30 PM
Foreign Currency (FCY)/Indian Rupee (INR) Trades which include Forex Derivatives— nine:00 AM to a few:30 PM 9:00 AM to three:30 PM Rupee Interest Rate Derivatives nine:00 AM to a few:30 PM 9:00 AM to 5:00 PM