Leading stock exchange BSE
will auction investment limits for overseas investors for purchase of government debt
securities worth over Rs 4,615 crore on Monday.
The auction will be conducted on BSE's 'ebidxchange' platform during 1530-1730 hours, after the close of market trading.
auction quota gives overseas investors the right to invest in the debt, up to the limit purchased.
Till September 1, the total investment in government debt
was at Rs 1,36,954 crore which was 95.11 per cent of total permitted limit of Rs 1.44 lakh crore, as per data available with depositories.
The exchange has decided to conduct an auction for the allocation of un-utilised debt
limits to the tune of Rs 4,615 crore on September 26, BSE
said in a circular.
Besides, a mock bidding session would be conducted today in this regard.
In an online auction conducted earlier this month, the government debt
securities had attracted bids worth a staggering Rs 7,494 crore from foreign investors as against Rs 7,046 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.