The Reserve Bank of India (RBI) on Monday announced that the pre-pandemic bank timings will come into effect from April 18. The timings were in line with the trading timings in RBI-regulated markets which include the money market. The new timings are 9 am – 3.30 pm which also includes the opening of trade in markets, the central bank said in a release on Monday.
Until today, the markets have been open at 10 am. This change in trading timings will give customers an extra hour to get their work done. However, no change is made in the closing time of banks.
“With the substantial easing of restrictions on the movement of people and functioning of offices, it has now been decided to restore the opening time for regulated financial markets to their pre-pandemic timing of 9 am,” the release said.
“The trading hours for various markets regulated by the Reserve Bank were amended with effect from April 7, 2020, given the operational dislocations and elevated levels of health risks posed by COVID-19. Subsequently, with the abatement of operational constraints, the trading hours were partially restored with effect from November 9, 2020. With the substantial easing of restrictions on the movement of people and functioning of offices, it has now been decided to restore the opening time for regulated financial markets to their pre-pandemic timing of 9:00 am.”
Trading hours for RBI regulated markets:
- Call/notice/term money – 9:00 am to 3:30 pm
- Market repo in Government Securities – 9:00 am to 2:30 pm
- Tri-party repo in Government Securities – 9:00 am to 3:00 pm
- Commercial paper and Certificates of Deposit – 9:00 am to 3:30 pm
- Repo in Corporate Bonds-9:00 am to 3:30 pm
- Government Securities (Central Government Securities, State Development Loans and Treasury Bills) – 9:00 am to 3:30 pm
- Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives – 9:00 am to 3:30 pm
- Rupee Interest Rate Derivatives –9:00 am to 3:30 pm
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