market timing: The Reserve Bank of India (RBI) has increased market hours for various markets regulated by India’s central bank. With effect from April 18, 2022, Reserve Bank of India regulated markets such as Foreign Exchange (FCY)/Indian Rupee (INR) trades, including forex derivatives, rupee interest rate derivatives, repo in corporate bonds, etc., will continue in their pre-covid times i.e. morning. will start from 9:00 am instead of 10 am.
So, from Monday, the trading hours for these RBI regulated markets It will be from 9:00 am to 3:30 pm. India’s central bank said that it has taken this decision after the easing of Kovid-19 restrictions.
Giving details of its decision, RBI said, “With the substantial easing of restrictions on the movement of people and functioning of offices, it has now been decided to extend their pre-pandemic timings for regulated financial markets to 9 am. to be reinstated at 0:00.”
The trading hours for various markets regulated by the Reserve Bank of India were revised with effect from 7 April 2020 in view of the high level of operational disruptions and health risks posed by COVID-19. Subsequently, trading hours were partially restored with effect from 9 November 2020, with the elimination of operational constraints.
RBI regulated markets and its revised timings:
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Thus, with effect from 18 April 2022, trading on call/notice/term money, market repo in government securities, tri-party repo in government securities, commercial papers and certificates of deposit, repo in corporate bonds, government securities (central government securities, State Development Loans and Treasury Bills), Foreign Currency (FCY) / Indian Rupee (INR) trades including foreign currency derivatives (other than those traded on recognized stock exchanges) and rupee interest rate derivatives (those traded on recognized stock exchanges) Apart from this) its pre-covid timing will start at 9:00 am instead of 10:00 am. Trading in these markets regulated by RBI will end at 3:30 PM on its normal timings. Hence, the new regulation of RBI has extended the trading hours in these regulated financial markets by one hour.