The Reserve Bank of India (RBI) on Thursday said that amended trading hours i.e. 10 am to 2pm, of currency and debt markets will remain effective, till further notice. Earlier, on 16 April, the central bank had issued a release stating that the altered trading hours would be in effect till 30 April. However, the fresh announcement suggests that the same has now been extended indefinitely.
In its earlier release, RBI had mentioned the “unprecedented situation created by the COVID-19 outbreak” and the “resultant dislocations” caused due to social distancing and other prescribed norms as reasons behind volatility in the markets and had therefore changed the trading hours.In March, the timings of commodity derivatives had also been revised. Leading stock exchanges BSE and NSE advanced the closing timing for commodity derivatives segment to 5 pm (from mid-night).
Leave a Reply