RBI controlled markets will resume trading from April 18 at 9 am
Mumbai:
Trading in the markets regulated by the Reserve Bank of India (RBI) will begin from 9 am on April 18, with the resumption of pre-pandemic trading hours.
At present the markets open at 10 am.
The trading hours for various markets regulated by the Reserve Bank of India were changed on April 7, 2020, in the wake of the coronavirus pandemic, resulting in increased levels of operational chaos and health risks. Later, with the easing of operational constraints, trading hours were partially restored with effect from November 9, 2020.
The central bank said in a release on Monday that from April 18, trading hours in these markets will be from 9 am to 3.30 pm. “With substantial easing of restrictions on the movement of people and functioning of offices, it has now been decided to restore their pre-pandemic timings for regulated financial markets to 9 am,” the release said.
Forex, Indian Rupee trading including forex derivatives, and rupee interest rate derivatives, these markets are regulated by the central bank.
On April 8, RBI Governor Shaktikanta Das, while announcing the bi-monthly monetary policy, had said that markets regulated by the central bank will start trading from April 18 at 9 am.