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The Reserve Bank of India (RBI) has decided to extend the trading hours by one to two hours on October 9 for various markets regulated by it in the backdrop of the scheduled release of the ‘Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC)’.
RBI Governor Shaktikanta Das will give his bi-monthly monetary policy address at 10 am.
The revised amended timing for call/notice/term money; market repo in government securities; and tri-party repo in government securities will be 10 am to 3 pm on October 9 against the existing amended timing of 10 am to 2 pm.
In the case of markets relating to commercial paper and certificates of deposit; repo in corporate bonds; government Securities (Central Government Securities, State Development Loans and Treasury Bills); Foreign Currency (FCY)/Indian Rupee (INR) Trades, including Forex Derivatives; and Rupee Interest Rate Derivatives, the revised amended timing for October 9 will be 10 am to 4 pm against the existing amended timing of 10 am to 2 pm.
The government will be raising ₹28,000 crore via sale (re-issue) of four dated securities on October 9.
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