Mumbai, May 5 -- Reserve Bank of India (RBI), has released Report of the Working Group on Comprehensive Review of Trading and Settlement Timings of Markets Regulated by the central bank. The Group recommends that the market hours of the call money market be extended till 7:00 PM while the market hours for market repo and TREP be synchronised and extended till 4:00 PM. The Group also recommends unifying the TREP trading hours for members settling obligation through Designated Settlement Banks (DSBs) and through the Reserve Bank.

The Group recommends preponing the timing of pre-announced LAF auction to 9:30 AM - 10:00 AM from 10:00 AM to 10:30 AM currently. With regard to the market hours for the Government securities market, the Group rec...