RBI increases trading time; share market to begin at 9 am from April 18

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From April 18, the trading hours of these markets will be from 9 am to 3.30 pm, the central bank said in a statement on Monday.

Highlights

  • Trading in RBI-controlled markets will start from April 18 at 9 am
  • Trading hours of various markets regulated by RBI were changed on April 7, 2020
  • Market repo, tripartite repo in government securities are some markets under RBI.

Trading in the market controlled by the Reserve Bank of India (RBI) will start from 9 am on April 18 with the recovery of pre-epidemic trading time. Currently, the markets open at 10 a.m.

Trading hours in various markets regulated by the RBI were changed to April 7, 2020 in the wake of the coronavirus epidemic, resulting in higher levels of operational displacement and health risks. Later, trading hours were partially restored with effect from November 9, 2020, as well as simplification of operational restrictions.

From April 18, the trading hours of these markets will be from 9 am to 3.30 pm, the central bank said in a statement on Monday. “With considerable relaxation of restrictions on human movement and office work, it has now been decided to restore the opening hours for regulated financial markets to 9 a.m. during their pre-epidemic period,” the statement said.

Call / Notice / Term Money; Market repo in government securities; Tripartite repo in government securities; Commercial paper and certificate of deposit; Repo in corporate bonds; Government securities (central government securities, state development loans and treasury bills); Forex (FCY) / Indian Rupee (INR) trades, including Forex derivatives; And rupee interest rate derivatives. These markets are regulated by the central bank.

While announcing the bi-monthly monetary policy on Friday, RBI Governor Shaktikant Das said that markets controlled by the central bank would start trading from 9 am on April 18.

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