BackBSE to auction investment limits for Rs4,615 crore govt bonds
The auction will be conducted on BSE's 'ebidxchange' platform after the close of market trading on Monday
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New Delhi:Leading stock exchange BSE will on Monday auction investment limits for overseas investors for purchase of government debt securities worth over ₹ 4,615 crore. The auction will be conducted on BSE’s ‘ebidxchange’ platform during 1530-1730 hours, after the close of market trading.
The debt auction quota gives overseas investors the right to invest in the debt, up to the limit purchased. Till 1 September, the total investment in government debt was at ₹ 1,36,954 crore which was 95.11% of total permitted limit of ₹ 1.44 lakh crore, as per data available with depositories.
The exchange has decided to conduct an auction for the allocation of unutilised debt limits to the tune of ₹ 4,615 crore on 26 September, BSE said in a circular. Besides, a mock bidding session was conducted on Friday in this regard.
In an online auction conducted earlier this month, the government debt securities had attracted bids worth a staggering ₹ 7,494 crore from foreign investors as against ₹ 7,046 crore on offer.
To boost foreign flow, limit for overseas investors in central government securities has been increased from ₹ 1.40 lakh crore to ₹ 1.44 lakh crore from 5 July. Earlier, this limit was increased to ₹ 1.40 lakh crore from 4 April. Prior to that, the limit was ₹ 1.35 lakh crore
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