National Stock Exchange (NSE) said it is now ready to extend its currency derivatives trading hours and proposal has been sent to SEBI and awaiting for a confirmation signal from market regulator SEBI.
If the proposal gets the regulator’s nod, the currency futures market would be open from 9 am to 7.30 pm as against the current timing time of 9am to 5pm.
Extending the trading hours generally attracts more participation in the currency market and reduces sharp volatility in the onshore currency market.
Currently the currency future contracts are traded in NSE, BSE, MCX-SX, and United Stock Exchange. If NSE is planning to extend its trading hours then probably the other exchange might follow suit