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NSE to auction investment limits for Rs 7,000-cr govt bonds

Leading bourse National Stock Exchange (NSE) will auction investment limits for overseas investors for purchase of government debt securities worth over Rs 7,000 crore on September 6.


The auction will be conducted on NSE’s ‘e-bid’ platform from 1530 hours to 1730 hours, after the close of market hours.

The debt auction quota gives overseas investors the right to invest in the debt, up to the limit purchased.

As per latest data available with depositories, the total investment in government debt has reached Rs 1,36,954 crore till yesterday, which was 95.11 percent of total permitted limit of Rs 1.44 lakh crore.

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

In an online auction conducted last month, the government debt securities had attracted bids worth a staggering Rs 10,599 crore from foreign investors as against Rs 9,358 crore on offer.

To boost foreign flow, 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 increased to Rs 1.40 lakh crore from April 4. Prior to that, the limit was Rs 1.35 lakh crore.

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