The Reserve Bank of India (RBI) extended trading hours for different markets it regulates on Wednesday. The new hours of 9 a.m. to 5 p.m. will take effect on December 12.
The call/notice/term money market will shut at 5 p.m., the market for commercial paper and certificates of deposit will close at 5 p.m., repo in corporate bonds will stop at 5 p.m., and the market for rupee interest rate derivatives will close at 5 p.m.
As part of a gradual return to normal liquidity operations, the central bank has decided to reinstate market hours as previously.
“It has now been decided to restore market hours in respect of call/notice/term money, commercial paper, certificates of deposit and repo in corporate bond segments of the money market as well as for rupee interest rate derivatives. Accordingly, with effect from December 12, 2022, the revised trading hours for the markets regulated by the Reserve Bank, are as under,” the RBI said in an official release.
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