RBI changes market hours to enhance market infrastructure
Reserve Bank of India has increase the market hours for call money in order to foster efficiency of financial markets.
The Reserve Bank of India has increase the market hours for call money in order to foster efficiency of financial markets. This change has been come around since 2019.
The market hour extension is a part of increasing size for different market players which could cater the diversity in review of the current trading and settlement timings for various financial markets regulated by the Reserve Bank including functioning hours of market infrastructures for trading, clearing, settlement and reporting of transactions.
- In February 2025, the Reserve Bank had set up the Working Group (Chairperson: Shri Radha Shyam Ratho) to undertake a comprehensive review of trading and settlement timings of financial markets regulated by the Reserve Bank. The Working Group provided recommendations aimed at facilitating further market development, price discovery, and optimization of liquidity requirements.
The report was published on the RBI’s website inviting comments from members of the public. The Reserve Bank has examined the recommendations of the Committee as well as the feedback received and it has been decided to implement the following recommendations:
The market timings for call money shall be extended to 7:00 PM with effect from July 01, 2025. Accordingly, the revised market hours shall be from 9:00 AM to 7:00 PM.
The trading hours of market repo and Tri-Party Repo (TREP) shall be extended to 4:00 PM with effect from August 01, 2025. Accordingly, the revised trading hours shall be from 9:00 AM to 4:00 PM.
The trading hours for Government securities market, foreign exchange market and interest rate derivatives market remain unchanged.
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