The National Stock Exchange (NSE) has said it will auction investment limits for overseas investors for purchase of government bonds worth close to ₹ 2,800 crore on Monday.
The auction will be conducted on NSE’s e-bid platform from 1530 hours to 1730 hours after the close of market hours, the exchange has said in a circular.
The auction quota will giveoverseas investors the right to invest in debt up to the stipulated limit.
Till Thursday the total investment in the government debt category reached ₹1,84,914 crore, 98.52 % of total permitted threshold of ₹1,87,700 crore, as per the latest update with depositories.
Consequently, the exchange will conduct an auction for the allocation of unutilised debt investment limits (₹ 2,786 crore) on September 25.
In an auction conducted earlier this month, the government bonds had attracted bids to the tune of ₹ 6,663 crore from foreign investors against Rs 4,910 crore put on offer.
