RBI to restore trading hours for bond, currency markets from November 9 – Times of India

NEW DELHI: The Reserve Bank of India (RBI) on Monday decided to restore market trading hours for various markets regulated by it, in a phased manner from November 9.
Trading hours for foreign currency, rupee and bond markets have been extended by 1.5 hours. Now, the markets will close at 3.30 pm instead of the earlier closing time of 2 pm.
The central bank had reduced trading hours of debt as well as currency markets from April 7 in view of the nationwide lockdown announced by Prime Minister Narendra Modi to curb the spread of the deadly coronavirus.
“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,” RBI said in an official statement.
The timings for all markets regulated by RBI, that is, call/notice, market repo in government securities, tri-party repo in government securities, commercial paper and certificates of deposit, repo in corporate bonds, among others — the timings of which had been amended to 10 am to 2 pm — have now been increased between 10 am to 3:30 pm with effect from November 9, the statement added.