Mumbai, June 25 -- The Reserve Bank of India (RBI) has extended the trading hours for the interbank call money to 7:00 pm.

The two-hour extension will come into effect from July 1. The revised market hours shall be from 9:00 am to 7:00 pm.

Banks borrow and lend money in the call market.

The RBI also extended the trading hours of market repo and Tri-Party Repo (TREP) to 4:00 PM, set to be effective from August 01. Accordingly, the revised trading hours shall be from 9:00 am to 4:00 pm.

However, the trading hours for the Government securities market, the foreign exchange market, and the interest rate derivatives market have been kept unchanged.

The Reserve Bank had set up a Working Group with Radha Shyam Ratho as the Chairperson.

The ...