These market to operate for 10 am to 2 pm from 7 to 17 April
The unprecedented situation created by the COVID-19 outbreak has necessitated lockdowns, social distancing, restrictions on movement of people and non-essential activities, work from home arrangements and business continuity plans.The resultant dislocations have adversely impacted the functioning of financial markets. Staff and IT resources have been severely affected, posing operational and logistic risks. The thinning out of activity is impacting market liquidity and increasing volatility of financial prices.
In order to minimise these risks and to ensure that market participants maintain adequate checks and supervisory controls while optimising thin resources and ensuring safety of personnel, it has been decided to revise trading hours to 10 am to 2 pm for various markets as under:
Call/notice/term money
Market repo in government securities
Tri-party repo in government securities
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Commercial paper and Certificates of Deposit
Repo in Corporate Bonds
Government Securities (CentralGovernment Securities, State Development Loans and Treasury Bills)
Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives
Rupee Interest Rate Derivatives
These arrangements will become effective from 7 April 2020 and continue up to 17 April 2020.
All regular banking services for customers, including RTGS, NEFT, e-kuber and other retail payments systems will continue to be available as per extant timings.
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