The Reserve Bank of India (RBI) has decided to restore market trading hours to pre-pandemic timings, with effect from 12 December.

"It has now been decided to restore market hours in respect of call/notice/term money, commercial paper, certificates of deposit and repo in corporate bond segments of the money market as well as for rupee interest rate derivatives," the RBI said.

The central bank had changed the timings from 7 April 2020 in view of the operational dislocations and elevated levels of health risks during the Covid-19 pandemic.

Restoration of trading timings was started by the RBI in a phased manner from 9 November 2020 with the easing of pandemic-related constraints, and from April 18, 2022, the opening time for regulated market hours were restored to the pre-pandemic timing of 9 am.