NSE to auction investment limits for ₹16,758 crore govt bonds tomorrow
The auction will be conducted on NSE's e-bid platform from 3.30 pm to 5.30pm after the close of market hours, the exchange said in a circular
New Delhi: Leading bourse National Stock Exchange (NSE) will auction investment limits for overseas investors to purchase government debt securities worth ₹ 16,758 crore on Wednesday.
The auction will be conducted on NSE’s e-bid platform from 3.30 pm to 5.30pm after the close of market hours, the exchange said in a circular. The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased.
The total investment in government debt has reached ₹ 1,68,143 crore till Monday , 90.94% of the total permitted limit of ₹ 1,84,901 crore, according to the latest data available with depositories.
Consequently, the exchange has decided to conduct an auction for the allocation of unutilised debt limit on July 5. Besides, a mock bidding session will be conducted today to check the system’s performance from 1430 hours to 1630 hours.
In an online auction last month, government debt securities had attracted bids worth ₹ 16,708 crore from foreign investors as against ₹ 18,437 crore on offer.
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