Ayodhya Ram Lalla Pran Pratishtha half day, January 22: The Reserve Bank of India (RBI) on Friday announced alternative trading hours to be applicable on January 22 for all the markets regulated by it. The RBI move comes a day after the Centre ordered a half-day closing, till 2:30 pm, at all government offices across the country that day for the 'Ram Lalla Pran Pratishtha' ceremony scheduled to take place in Ayodhya, Uttar Pradesh. 
 

Ayodhya Ram Lalla Pran Pratishtha: Money market trading hours on January 22

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The RBI shared the timings for various markets on January 22 as follows, stating that normal trading hours will resume the next day: 

Market Timings on January 22, 2024
Call/notice/term money 2:30 PM to 5:00 PM
Market repo in Government Securities 2:30 PM to 5:00 PM
Tri-party repo in Government Securities 2:30 PM to 5:00 PM
Commercial paper and Certificates of Deposit 2:30 PM to 5:00 PM
Repo in Corporate Bonds 2:30 PM to 5:00 PM
Government Securities (Central Government Securities, State Government Securities and Treasury Bills) 2:30 PM to 5:00 PM
Foreign Currency (FCY)/Indian Rupee (INR) Trades including Forex Derivatives* 2:30 PM to 5:00 PM
Rupee Interest Rate Derivatives* 2:30 PM to 5:00 PM

The RBI, which acts as the banking as well as money market regulator, said that the settlement of the auction of government securities, conducted on January 19, 2024, will take place on January 22, 2024 after the commencement of market trading hours at 2:30 pm.

ALSO READ: Ram Temple consecration | All central government offices to remain closed for half a day on January 22

What does the government's 'Ram Lalla Pran Pratishtha half-day closing' order mean?

The central government has announced a half-day closing, till 2:30 pm, on January 22 at government offices throughout the country to ensure smooth participation of the employees at the much-anticipated Ram Temple consecration event, scheduled to take place in Ayodhya, Uttar Pradesh. 
 
"The Ram Lalla Pran Pratishtha at Ayodhya will be celebrated on 22nd January, 2024 across India. To enable employees to participate in the celebrations, it has been decided that all Central Government Offices, Central Institutions and Central Industrial Establishments throughout India will be closed for half day till 1430 hours on 22nd January, 2024," the Ministry of Personnel, Public Grievances & Pensions said in its order, dated January 18. 
 
"It is also advised that all Ministries/Departments of Government of India may bring the above decision to the notice of all concerned," it added.