As of the seventh April, trading times inwards India will live reduced from 9 am to five pm to 10 am to 2 pm. Market repo inwards government securities which currently operates betwixt ix am to 2:xxx pm, volition likewise live limited to the novel ten am to 2 pm time schedule. The decision came from the RBI (Reserve Bank of India) in New Delhi
The changes volition come into event on the seventh Apr simply accept entirely been announced to go along until the 17th Apr, though many traders predict the reduced trading times volition be extended to accept place throughout the entire calendar month.
Why Amend Trading Times?
The reduced trading times accept been announced by the RBI in an try to handle the unprecedented COVID-nineteen pandemic.
With social distancing guidelines in addition to restrictions of effort coming inwards to place, many people are existence forced to operate from home equally non-essential travel is banned.
By reducing trading hours, the RBI believes they can minimise risks to personnel as well as maintain a healthy financial market place.
As health resources are currently thin, the RBI is passionate nigh minimising risks wherever possible.
A spokesperson for the RBI said:
“the outcome dislocations have adversely impacted the performance of financial markets. Staff as well as IT resource take been severely affected, posing operational and logistic risks.
The thinning out of action is impacting market liquidity as well as increasing volatility of fiscal prices.”
Will Other Markets Follow?
In light of the ongoing global pandemic, more than countries are expected to announce changes to their trading to aid bound the spread of the virus.
On March 17th, for case, the Philippines confirmed they will be shutting down stock, bond, and currency trading for the foreseeable time to come.
The the States is currently debating shortening trading hours, though United States of America exchanges are disputation strongly against making whatsoever changes to trading times.
Imminent Changes Expected
As nosotros go on to tackle COVID-xix no dubiety more than announcements regarding trading times volition be unveiled over the side by side few days. To rest upward to date alongside the latest data together with news, proceed visiting these pages at DayTrading.com.