Reserve bank of india (RBI) has changed the trading time of the regulated market. The revised transaction time begins on April 18, 2022 from 9:00 am.
Reserve Bank of India (RBI) will begin returning to pre-pandemic trading hours on April 18th at 9am. The market is currently open at 10am.
After the coronavirus pandemic, on April 7, 2020, the trading hours of various RBI-regulated markets were changed, resulting in operational disruptions and higher levels of health risks.
The bank said in a statement on Monday that from April 18th, trading hours in these markets will be from 9am to 3:30 pm. “The restrictions on people’s movements and office operations have been significantly relaxed, so it has been decided to reset the business hours of regulated financial markets to 9am before the pandemic,” the press release said.
Calling / consulting / pre-terms; buy back government securities on the market; three-dimensional repo of government securities; commercial paper and certificates of deposit; corporate bond repo; government securities (government securities, government development loans and treasury bills); Trading foreign currencies (FCY) / Indian rupees (INR), including foreign exchange derivatives; and rupee interest rate derivatives. These markets are regulated by the central bank.
In announcing the bimonthly monetary policy on Friday, RBI Governor Shaktikanta Das said that the central bank-managed markets will start trading from 9 a.m. as of April 18.
Currently, the trading opens at 10 am. let’s see what this will be the impact on trading after changing its timings. The workload is going to increase for the employees.
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