RBI says money markets to open at 2.30 pm on January 22 due to Ram Mandir event

The Reserve Bank of India (RBI) on Friday announced a revised timing for money markets on January 22 to mark the mega Ram Mandir consecration ceremony in Ayodhya.

In view of the half-day closing announced by the Government of India, the central bank said that money markets will open at 2.30 pm instead of 9 am on January 22 (Monday).

Give the Centre’s half-day closing notification on Ram Mandir Pran Pratishtha day, even the trading hours for several RBI-regulated markets have also been reduced by nearly four to five hours.