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NSE to Auction Investment Limits for Rs 3,476 Crore Government Bonds

National Stock Exchange will auction investment limits for foreign investors to buy government debt securities worth Rs 3,476 crore.

Published: 22nd January 2016 06:49 PM  |   Last Updated: 22nd January 2016 06:49 PM   |  A+A-

By PTI

NEW DELHI: Leading bourse National Stock Exchange will auction investment limits for foreign investors to buy government debt securities worth Rs 3,476 crore on Monday.

The auction will be conducted on NSE's ebid-platform from 1530 hours to 1730 hours after the close of market hours on January 25, 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.

A mock bidding session would be conducted today to check the system's performance.

Depository data showed that total investments, including limits acquired by foreign investors through the auction route, stood at Rs 1,31,924 crore till today, which is 97.43 per cent of the total permitted investment limit of Rs 1,35,400 crore in government debt securities.

Consequently, the exchange has decided to conduct an auction for the allocation of unutilised debt limits.

During earlier auctions, government bonds were subscribed multiple times, given the huge interest among foreign investors.

The limit for overseas investors in securities was hiked to Rs 1,29,900 crore from October 12 and it was further increased to Rs 1,35,400 crore from January 1, 2016.

Prior to October limit, they were allowed to invest up to Rs 1,24,432 crore in government debt securities through auction.


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