NSE To Auction Investment Limits For Rs 2,100-cr Govt Bonds

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    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. 

    NSE To Auction Investment Limits For Rs 2,100-cr Govt Bonds

    Consequently, the National Stock Exchange (NSE) would conduct an auction for the allocation of unutilized 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.

    Goodreturns.in

    Read more about: nse bonds
    Story first published: Friday, November 3, 2017, 16:20 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more