RBI extends call money, TREPs market trading timings

Reserve Bank of India

The Reserve Bank of India (RBI) on June 25 announced extension of market trading timings of call money and repo and Tri-Party Repo (TREPs).

The market timings for call money shall be extended to 7:00 PM with effect from July 01, 2025. Accordingly, the revised market hours shall be from 9:00 AM to 7:00 PM, RBI said.

The trading hours of market repo and Tri-Party Repo (TREP) shall be extended to 4:00 PM with effect from August 01, 2025. Accordingly, the revised trading hours shall be from 9:00 AM to 4:00 PM, an RBI release added.

The central bank has not changed the trading timings to of the Government securities market, foreign exchange market and interest rate derivatives market.

The changes in the timings was decided after the working group had provided recommendations to the RBI to undertake a comprehensive review of trading and settlement timings of financial markets regulated by the Reserve Bank.

The working group was chaired by Radha Shyam Ratho, Executive Director, RBI. The central bank has set up the working group, which was announced in the February monetary policy.

The report had said that standalone primary dealers (SPDs) have given suggestions or feedback to extend the call money market timings and the reporting window, including for cancelled transactions, may be permitted till 7:30 PM.

On May 22, Moneycontrol reported that volumes in the call money market are unlikely to get a boost despite the proposed extension of market timing. Experts attribute this to higher volumes in the initial hours of the market and fading down towards mid and end of market hours.