Open till 7pm? RBI panel calls for extending money market hours
An RBI panel suggests extending money market hours to 7pm, aiming to provide banks with greater flexibility in managing liquidity and accessing funds. This shift addresses the expansion and increased complexity of India's financial markets since 2019. The proposal includes adjustments to trading and settlement windows for various instruments, along with changes to the liquidity adjustment facility auction timings.
An RBI panel suggests extending money market hours to 7pm, aiming to provide banks with greater flexibility in managing liquidity and accessing funds. This shift addresses the expansion and increased complexity of India's financial markets since 2019. The proposal includes adjustments to trading and settlement windows for various instruments, along with changes to the liquidity adjustment facility auction timings.
