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The Reserve Bank of India on Wednesday extended the trading hours for the interbank call money market by 2 hours to 7:00 p.m. IST, with effect from July 1.
Banks borrow and lend money in the call market.
The revised timings for the call market will be 9:00 a.m. IST to 7:00 p.m. IST.
The central bank also extended the hours for market repo and tri-party repo to 4:00 p.m. IST, with effect from August 1.
In May, a working group set up by the central bank had recommended longer operating hours for the interbank money markets.
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The trading hours for government bonds, foreign exchange and interest rate derivative markets have been left unchanged.
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