NSE to auction investment limits for Rs 2,100-cr govt bonds
Leading bourse NSE today said it will auction investment limits for foreign investors to purchase government bonds worth over Rs 2,100 crore on Monday.
The auction will be conducted on NSE's ebid platform from 1530 hrs to 1730 hrs after market hours, the exchange said in a circular.
The debt auction quota gives Foreign Portfolio Investors (FPIs) the right to invest in the debt up to the limit purchased.
Till yesterday, investment in government debt has reached Rs 1,87,531 crore, which is 98.86 per cent of total permitted limit of Rs 1,89,700 crore.
Consequently, the National Stock Exchange (NSE) would conduct an auction for the allocation of unutilised debt limits to the tune of Rs 2,169 crore on November 6.
A mock bidding session would be conducted today to check the system's performance.
To boost the inflow of foreign funds into Indian capital markets, Sebi had last month raised the FPIs investment limit in government securities to Rs 1,89,700 crore from Rs 1,87,700 crore.
In an online auction conducted in October, the government debt securities had attracted bids worth Rs 7,816 crore from FPIs as against Rs 4,954 crore on offer.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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