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NSE to Auction Investment Limits for Rs 7000-Crore Govt Bonds

The auction is going to be conducted on NSE’s ‘e-bid’ platform from 3.30 hours to 5.30 pm, once the shut of market hours.
NEW DELHI, SEPT 2 : The National stock exchange (NSE) can auction investment limits for overseas investors for the purchase of state debt securities value over Rs. 7,000 crores on September 6.
The auction is going to be conducted on NSE’s ‘e-bid’ platform from 3.30 hours to 5.30 pm, once the shut of market hours.

The debt auction quota offers overseas investors the proper to take a position on the debt, up to the limit purchased.

As per latest information on the market with depositories, the entire investment in government debt has reached Rs. 1,36,954 crore until yesterday, that was 95.11 per cent of the whole allowable limit of Rs. 1.44 lakh crore.

Consequently, the exchange has set to conduct an associate auction for the allocation of unutilised debt limits to the tune of Rs. 7,046 crore on September 6.

Besides, a mock bidding session would be conducted these days.

In an internet auction conducted last month, the govt debt securities had attracted bids value Rs. 10,599 crore from foreign investors Rs. 9,358 crore on supply.

To boost foreign fund inflows, the limit for overseas investors in central government securities has been increased  from Rs. 1.40 lakh crore to Rs. 1.44 lakh crore from July 5.

Earlier, this limit was accumulated to Rs. 1.40 lakh crore from April 4. before that, the limit was Rs. 1.35 lakh crore.


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