RBI Extends Call Money and Repo Market Hours from July–August 2025
- Blog|News|FEMA & Banking|
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- By Taxmann
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- Last Updated on 27 June, 2025
Press Release: 2025-2026/586, Dated: 25.06.2025
The Reserve Bank of India (RBI) has announced revised trading hours for select financial markets to enhance liquidity management and align with evolving market practices. The changes pertain specifically to the call money market, market repo, and Tri-Party Repo (TREP) transactions.
1. Extended Hours for Call Money Market (Effective July 1, 2025)
With effect from July 1, 2025, the trading hours for the call money market have been extended by two hours. The revised timings will be:
- New Trading Hours – 9:00 AM to 7:00 PM
- Previous Hours – 9:00 AM to 5:00 PM
This extension aims to provide greater flexibility to participants in managing short-term liquidity requirements.
2. Revised Timings for Market Repo and Tri-Party Repo (Effective August 1, 2025)
From August 1, 2025, the RBI has revised the trading hours for the market repo and Tri-Party Repo (TREP) segments. The new hours will be:
- New Trading Hours – 9:00 AM to 4:00 PM
- Previous Hours – 9:00 AM to 2:30 PM (market repo) / 3:00 PM (TREP, subject to platform)
This change seeks to harmonise the repo market timings with broader money market and settlement cycles, thereby improving operational efficiency.
3. No Change in Other Market Timings
The RBI has clarified that there is no change in the existing trading hours for the following markets:
- Government Securities Market
- Foreign Exchange Market
- Interest Rate Derivatives Market
These segments will continue to operate as per the prevailing schedules.
4. Conclusion
These changes reflect RBI’s ongoing efforts to fine-tune financial market infrastructure in response to stakeholder feedback and operational developments. Market participants are advised to make necessary adjustments to ensure compliance with the updated trading windows.
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