Govt bonds receive bids worth Rs 9,458 cr from FPIs

The auction was conducted on NSE's 'e-bid' platform from 1530 hours to 1730 hours, after the close of market hours. At the end of the two-hour auction, 51 bids were declared successful out of 55.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Economy

Oct 18, 2016, 12.39 PM | Source: PTI

Govt bonds receive bids worth Rs 9,458 cr from FPIs

The auction was conducted on NSE's 'e-bid' platform from 1530 hours to 1730 hours, after the close of market hours. At the end of the two-hour auction, 51 bids were declared successful out of 55.

Like this story, share it with millions of investors on M3

Govt bonds receive bids worth Rs 9,458 cr from FPIs

The auction was conducted on NSE's 'e-bid' platform from 1530 hours to 1730 hours, after the close of market hours. At the end of the two-hour auction, 51 bids were declared successful out of 55.

Post Your Comments

Share Cancel

Govt bonds receive bids worth Rs 9,458 cr from FPIs
Government debt securities attracted bids worth Rs 9,458 crore from Foreign Portfolio Investors (FPIs) as against Rs 9,333 crore on offer in an online auction.

The auction was conducted on NSE's 'e-bid' platform from 1530 hours to 1730 hours, after the close of market hours. At the end of the two-hour auction, 51 bids were declared successful out of 55.

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 had reached Rs 1,38,667 crore till October 13, which is 93.69 per cent of total permitted limit of Rs 1.48 lakh crore.

Consequently, the exchange had decided to conduct an auction for the allocation of unutilised debt limits to the tune of Rs 9,333 crore.

A mock bidding session was conducted for this on Friday.

In an online auction conducted last month, the government debt securities had attracted bids worth a staggering Rs 6,821 crore from foreign investors as against Rs 4,615 crore on offer.

To boost inflows of foreign funds into Indian capital markets, regulator Sebi raised the FPI investment limit in government securities to Rs 1.48 lakh crore from October 3 onwards. This limit will be further increased to Rs 1.52 lakh crore from January 2, next year.

Buy, Hold, Sell ? Hear it first on M3
Govt bonds receive bids worth Rs 9,458 cr from FPIs

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login