NSE to auction investment limits for Rs 7,000-cr govt bonds

New Delhi: The National Stock Exchange (NSE) will auction investment limits for overseas
investors for purchase of government debt securities worth over Rs 7,000 crore on September 6. The auction will be conducted on NSE's 'e-bid' platform from 1530 hours to 1730 hours, after the close of market hours.

The debt auction quota gives overseas investors the right to invest in the debt, up to the limit purchased. As per latest data available with depositories, the total investment in government debt has reached Rs 1,36,954 crore till yesterday, which was 95.11 per cent of total permitted limit of Rs 1.44 lakh crore. Consequently, the exchange has decided to conduct an auction for the allocation of unutilised debt limits to the tune of Rs 7,046 crore on September 6. Besides, a mock bidding session would be conducted today.

Representational image.

Representational image.

In an online auction conducted last month, the government debt securities had attracted bids worth a staggering Rs
10,599 crore from foreign investors as against Rs 9,358 crore on offer.

To boost foreign flow, limit for overseas investors in central government securities has been increased from Rs 1.40 lakh crore to Rs 1.44 lakh crore from July 5.

Earlier, this limit was increased to Rs 1.40 lakh crore from April 4. Prior to that, the limit was Rs 1.35 lakh crore.

Updated Date: Sep 02, 2016 13:40 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See