The Reserve Bank of India has extended trading hours for currency and rupee markets including forex derivatives, government securities, commercial paper and certificates of deposit by 90 minutes.

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The revised trading hours for rupee and bond markets are from 10 am to 3:30 pm as per Indian Standard Time as against 2 pm earlier.

The revised timings will be effective from November 9, 2020.

The extension in trading hours comes following easing COVID-19 lockdown restrictions across the country.

The RBI had reduced the trading hours for the money market due to the COVID-19 crisis and restrictions on transport after the lockdown in March.

The trading hours for various markets regulated by the Reserve Bank were amended effective from April 7, 2020 in view of the operational dislocations and elevated levels of health risks posed by COVID-19, the RBI said.

"With the graded roll-back of the lockdown and easing of restrictions on movement of people and functioning of offices, it has been decided to restore trading hours for regulated markets in a phased manner," the Reserve Bank of India said in its statement.

First Published:Nov 2, 2020 6:15 PM IST