RBI restores pre-pandemic trading hours for some money market segments

Changes effective Dec 12; RBI had shortened market hours for all segments in April 2020

The Reserve Bank of India on Wednesday said that it has decided to restore pre-pandemic trading hours for some segments of money markets and rupee interest rate derivatives.

Pre-pandemic trading hours of 9 a.m. to 5 p.m. IST have been restored for the interbank call money market, the commercial paper market, the market for certificates of deposits, repo in corporate bonds and rupee interest rate derivatives, the RBI said. The RBI’s announcement is effective from Dec 12.

The tri-party repos in government securities shall continue with the post-pandemic trading hours of 9 am to 3 pm while market repos in government securities