DEPUTY GENERAL MANAGER
SECONDARY MARKET DEPARTMENT

e-mail: mdrao@sebi.gov.in

SMDRP/POLICY/CIR-14/2002
June 25, 2002

The Executive Directors/ Managing Directors of all Stock Exchanges

Dear Sir,

SUB : Trading in Government SecuritiesWe have received a letter dated May 20, 2002 from Reserve Bank of India (RBI) with the details of steps taken by them to eliminate the scope for trading in government securities in physical form. RBI has made a request to SEBI to disseminate the same to all Stock Exchanges.

In view of the above, the letter dated May 20, 2002 of RBI is enclosed for your information and compliance, if any. You may like to bring the above to the notice of your members.
Yours faithfully,
S. V. MURALIDHAR RAO
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