With the Government extending the nationwide lockdown till May 3, the Reserve Bank of India has decided to continue with the curtailed trading hours (from 10 am to 2 pm) for the financial markets across the board.
“In view of the Government of India’s order that the lockdown will continue to be in force till May 3, it has been decided that the amended trading hours for various RBI regulated markets will continue to be effective till the close of business on April 30, (May 1, 2 and 3 are bank holidays),” the central bank said in a statement.
The RBI curtailed trading hours for the financial markets across the board to four hours (from 10 am to 2 pm) from April 7 to April 17 as the Covid-19 outbreak-related restrictions have resulted in dislocations, adversely impacting the functioning of the markets.
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