New Delhi, June 25
The Reserve Bank of India (RBI) on Wednesday announced that it will extend the trading hours for the call money market, market repo, and Tri-Party Repo (TREP), starting July 1.
This decision is based on the recommendations made by a working group led by Radha Shyam Ratho.
According to an official statement, the trading hours for the call money market will be extended by two hours.
Currently, the market closes at 5:00 pm, but from July 1, it will remain open till 7:00 pm. The call money market will now operate from 9:00 am to 7:00 pm.
“The market timings for call money shall be extended to 7:00 PM with effect from July 01. Accordingly, the revised market hours shall be from 9:00 AM to 7:00 PM,” the central bank stated.
Similarly, trading hours for the market repo and TREP segments will be extended to 4:00 pm, compared to the present closing time of 2:30 pm.
“The trading hours of market repo and Tri-Party Repo (TREP) shall be extended to 4:00 PM with effect from August 01. Accordingly, the revised trading hours shall be from 9:00 AM to 4:00 PM,” RBI mentioned.