The Reserve Bank of India (RBI) has increased trading hours for the currency and bond markets. Accordingly, trading hours for forex and bond markets including G-securities, commercial paper, CDs and forex derivatives have been increased by 1.5 hours to 3:30 pm as per Indian standard time. The revised timing to be effective November 9.
Due to covid related challenges, the Reserve Bank of India after nationwide lockdown imposition reduced trading hours for the currency and bond market which currently operates between 10 am to 2 pm.
The Reserve Bank of India said in its statement - "With the graded roll-back of the lockdown and easing of restrictions on movement of people and functioning of offices, it has been decided to restore trading hours for regulated markets in a phased manner,". The trading hours for various markets regulated by the Reserve Bank were amended effective from April 7, 2020 in view of the operational dislocations and elevated levels of health risks posed by COVID-19.
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