Due to the spread of COVID-19, the Reserve Bank of India has decided to cut short the trading hours for money market products and foreign exchange. It is to be followed from 7th April to 17th April, 2020, and the timing is 10 am – 2pm.
The RBI said that they have implemented this to make sure the lockdown and social distancing isn’t affected. They had arranged work from home and business community plans since these are the essentials that can be followed even during this pandemic.
These managements are somehow affecting the market and economy but these are the necessities that had to be followed to get the bare minimum of what is required. This change in hour is applicable for foreign currency and money trades.
