The Reserve Bank of India (RBI) on Wednesday announced that it will extend trading hours for the call money market, market repo, and Tri-Party Repo (TREP) from July 1.

The decision to extend the hours follows recommendations made by a working group chaired by Radha Shyam Ratho, IANS reported.

According to an official statement, trading hours for the call money market will be extended by two hours. At present, the market closes at 5 pm, but from July 1, it will remain open until 7 pm.