Please refer to F.E Circular No 16 dated November 1, 2004 and F.E Circular No. 18 dated December 29, 2005 on the captioned subject.

In order to facilitate the Bank’s treasuries to accommodate their customers and manage their cash flows efficiently, it has been decided to extend their cut-off timings for dealing in Inter-bank market as well as with their customers. Henceforth, the cut-off timings will be up to 4:30 pm Monday through Friday and up to 1:00 pm on Saturday.

. The extended timings will be applicable for all kind of Foreign Exchange, Derivative and Money Market transactions, however the cut-off time for settlement of Inter-bank deals as circulated earlier vide EDMD Circular No. 2 dated February 14, 2006 will remain unchanged.

It is further emphasized that the timings intimated earlier vide DMMD circular No. 01 dated November 14, 2006 for reporting of transactions through MMCRS and FXCRS to Domestic Markets & Monetary Management Department (DMMD), should be meticulously observed by all concerned.

The above instructions would come into effect from the date of issue of this circular.