RBI
RBI Notifies Changes in Market Hours due to COVID-19 outbreak
The unprecedented situation created by the COVID-19 outbreak has necessitated lockdowns, social distancing, restrictions on movement of people and non-essential activities, work from home arrangements and business continuity plans. The resultant dislocations have adversely impacted the functioning of financial markets. Staff and IT resources have been severely affected, posing operational and logistic risks. The thinning out of activity is impacting market liquidity and increasing volatility of financial prices.
RBI, in order to minimise these risks and to ensure that market participants maintain adequate checks and supervisory controls while optimising thin resources and ensuring safety of personnel, has decided to revise trading hours for various markets as under:
Market |
Existing Timings |
Amended Timing |
Call/notice/term money |
9 AM to 5 PM |
10 AM to 2 PM |
Market repo in government securities |
9 AM to 2:30 PM |
10 AM to 2 PM |
Tri-party repo in government securities |
9 AM to 3 PM |
10 AM to 2 PM |
Commercial paper and Certificates of Deposit |
9 AM to 5 PM |
10 AM to 2 PM |
Repo in Corporate Bonds |
9 AM to 6 PM |
10 AM to 2 PM |
Government Securities (Central Government Securities, State Development Loans and Treasury Bills) |
9 AM to 5 PM |
110 AM to 2 PM |
Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives* |
9 AM to 5 PM |
10 AM to 2 PM |
Rupee Interest Rate Derivatives* |
9 AM to 5 PM |
10 AM to 2 PM |
Appeal against inadequacy of sentence passed by special court in income tax prosecution cases dismissed by High Court In a…
ICSI launches CS Mitr Scheme to give incentive for getting student registered in Executive Programme ICSI has launched CS Mitr…
CPC order u/s 143(1) is appealable and hence the doctrine of merger with order u/s 143(3) do not arise -…
Under GST Act, there is no specific provision which bounds selling dealer to disclose route to be taken during transportation…
Restrictions on use of words Nidhi Limited unless declared as such under section 406(1). Nidhi (Amendment) Rules 2024 MINISTRY OF…
MCA prescribes period and fee for updating of Directors personal mobile number or email address by e-form DIR-3 KYC MINISTRY…