India outbreak 2020 Government Coronavirus India

RBI trims money market timings, including that of foreign currency

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Due to the lockdown to check coronavirus outbreak, the Reserve Bank has curtailed money market hours. The new timings will come into force from April 7, 2020 (Tuesday) and continue up to April 17, 2020 (Friday), both days inclusive. Trading in these markets will be now from 10 am to 2 pm. Call/notice/term money Market repo in government securities Tri-party repo in government securities 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* Rupee Interest Rate Derivatives* *other than those traded on recognised stock exchanges The resultant

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