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. Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here. 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. Advertisement · Scroll to continue
Report This Ad In May, a working group set up by the central bank had recommended longer operating hours for the interbank money markets. The trading hours for government bonds, foreign exchange and interest rate derivative markets have been left unchanged.
