RBI extends money market trading hours – OXBIG NEWS NETWORK-OxBig News Network

MUMBAI: RBI has extended trading hours for key money market segments to improve liquidity management, enhance price discovery. It also aims to bring Indian markets closer to global standards. From July 1, the call money market will remain open till 7pm, while from Aug 1, market repo and tri-party repo (TREP) trading will close at 4pm. The extended timings are expected to ease end-of-day liquidity pressures, particularly for banks facing shortfalls after 5pm.