"It has now been decided to restore market hours in respect of call/notice/term money, commercial paper, certificates of deposit and repo in corporate bond segments of the money market as well as for rupee interest rate derivatives," RBI said in a release.
The central bank changed the timings in April 2020 in view of the operational dislocations and elevated levels of health risks posed by COVID-19.
Under the new timings, which come into effect from December 12, the call/notice/term money market will close at 5 pm, the market for Commercial paper and Certificates of Deposit will close at 5 pm, Repo in Corporate Bonds ends at 5 pm and Rupee Interest Rate Derivatives will end at 5 pm.
(The Economic Times)
