Date:21/07/2005 URL: http://www.thehindubusinessline.com/2005/07/21/stories/2005072102770900.htm

Back G-sec resale norms relaxed

Our Bureau

Mumbai , July 20

IN order to deepen the government securities market, Reserve Bank of India has decided to permit buyers of securities from original allottees to resell them on the same day.

At present, buyers of securities are not allowed to re-sell them without securities being actually transferred into their investment accounts.

In a notification issued today, the RBI said, "It has been decided to permit a buyer from an allottee in a primary auction to re-sell the security subject to compliance with the terms and conditions."