Bond & Currency Market: The Reserve Bank of India (RBI) has extended the trading time in the bond market and currency market by 1.5 hours. Now these markets will be open from 10 am to 3:30 pm. A new time table for trading is being implemented from 9 November. Right now due to the corona virus epidemic, these markets are trading from 10 am to 2 pm. Currently, you will get more time for buying and selling rupees, foreign currency, bonds, government securities, commercial papers and certificates of deposits.
There was a change in the era of epidemic
Please tell that before the Corona virus crisis, the currency market was open at 10 am and closed at 3.30 pm. Which was reduced from 10 am to 2 pm due to the epidemic. RBI has implemented the old time table from 9 November. RBI said in the notification that the timing of trading will be implemented in the country’s bond and currency market in a phased manner. In view of the Corona epidemic, the RBI changed the trading hours on April 7, 2020 and allowed it to open till 2 pm.
This is new timing
The market for calls, notices, term money will open at 10 am and close at 3.30 pm. At the same time, trading of market repos in government securities can be done up to 2.30. Also, purchase of Tri-Party repos in government securities will be done from 10 am to 3 pm. Apart from these, all types of bonds, foreign currency and rupee will be traded from 10 am to 3.30 pm.