The Reserve Bank of India today issued an indicative calendar for issuance of marketable dated Government securities. The calendar is enclosed. The calendar has been issued for the first half of the fiscal, valid for the period from April 1, 2002 to September 30, 2002. The advance calendar for issue of dated securities for the year 2002-2003 has been issued in consultation with the Government. It has been issued with a view to enabling institutional and retail investors to plan their investment in a better manner and also to providing further transparency and stability in the Government securities market.

The calendar is subject to variations depending on market conditions and other factors. In addition to the proposed issuances, the Reserve Bank will have the flexibility for additional issuances of Government securities as per emerging requirement of the Government and market conditions.