Business

RBI Working Group Suggested to Extend Forex Market Trading Hours

Published

6 years ago

August 4, 2019

An RBI working panel has suggested extending the forex market trading hours which will help in assessing demand and potential benefits. The panel has suggested setting trading hours from 9 am to 9 pm. In August 2018, the Reserve Bank of India (RBI) had decided to set a working panel to thoroughly review the timing of various markets it regulates. The review also included associated payment and settlement infrastructure. RBI is committed to regulate money market, Government Securities market, and foreign exchange market in the country.

According to the draft report of the working group, RBI is in a process to provide flexibility by reviewing and rationalizing foreign exchange regulation. Thus calibrated extension of market hours from 9 am to 9 pm may be considered to complete gauge demand and potential benefits.

The Fx brokerage‘ Association of India has set the market timing of interbank USD/INR forex transaction from 9 am to 5 pm. And some authorized dealers are allowed to carry retail transaction after the set timing. There is no limitation of time for transactions in cross currencies. Banks are free to set trade timing as per their internal policies.

The draft report also said, “Extension of exchange timings without corresponding extension in the OTC market could pose risk management issues (valuation and open position) for banks operating in both markets. Therefore, it is desirable to extend trading hours for both OTC and Exchanges.”

The working group has also suggested retaining current market timing for the G-sec market due to lack of demand from traders. Indian forex market is like a wholesale market and it is completely dominated by banks, forex brokers and corporate clients.

Business

Geivon “E.G.” Cisneros Expands Zooly AI Into the NHL Playoffs

Published

15 hours ago

May 4, 2025

Matthew Wiles

When the stakes are highest, innovation shines brightest. As the NHL Playoffs brought an electric energy to the ice, entrepreneur Geivon “E.G.” Cisneros and his tech company Zooly AI delivered a first-of-its-kind fan experience for the Tampa Bay Lightning, marking a pivotal moment in the evolution of real-time AI engagement in professional sports.

Leveraging Zooly’s flagship product, Photobomb, fans inside Amalie Arena during playoff games were given an entirely new way to connect with their team. With a simple QR code scan, spectators instantly received dynamic, personalized photos featuring the Lightning mascot ThunderBug, seamlessly inserted into their memories-no app download required, just pure surprise and delight.

In a setting where emotions run high and every moment matters, the Photobomb activation proved that artificial intelligence can enhance the magic of live events rather than distract from it. Fans flooded social media with their custom playoff memories, helping amplify the Lightning’s home-ice advantage beyond the rink and into the digital world.

“The playoffs are where legends are made,” said Geivon “E.G.” Cisneros, founder of Zooly AI. “It was important for us to show that AI can make these moments even more personal, not mechanical. We wanted fans to feel like they weren’t just spectators-they were part of the story.”

The activation drew massive engagement, with QR code scans and social shares surpassing expectations-proving that fans are eager for real-time, culturally connected experiences when the stakes are at their highest. For the Lightning, it deepened fan loyalty. For Zooly, it validated a vision: building the connective tissue between live emotion and intelligent digital interaction.

As Zooly AI continues expanding its footprint across professional sports, the Tampa Bay Lightning playoff activation stands as a landmark moment-one where culture, technology, and tradition collided under the brightest lights.

About Zooly:

Zooly AI is a next-gen artificial intelligence company redefining how fans, brands, and creators connect in real time. With products like Daily Vibes and Photobomb, Zooly blends culture, creativity, and technology to create unforgettable interactive moments. From arenas to digital campaigns, Zooly is powering the next generation of engagement.