RBI extends market hours by 90 mins

RBI extends market hours by 90 mins

RBI has said it will restore trading hours in the bond and currency markets in a graded manner, effective November 9.

The trading hour restrictions were put in place on April 7, in view of the national lockdown owing to the Covid pandemic. The lockdown caused operational dislocations, preventing the normal functioning of the markets.

“With the graded rollback of the lockdown and easing of restrictions on the movement of people and functioning of offices, it has been decided to restore trading hours for the regulated markets in a phased manner,” the RBI said in a notification.

Accordingly, market hours for most of the segments will be extended until 3.30 pm, from 2 pm now. The markets will continue to open at 10 am, the central bank said.