FPIs bid worth Rs 10,599 cr for govt bond limit

Government debt securities today attracted bids worth a staggering Rs 10,599 crore from foreign investors as against Rs 9,358 crore on offer in an online auction.
The auction was conducted on BSE's e-bidxchange platform from 1530 hrs to 1730 hrs after the close of market hours. At the end of the two-hour auction, 34 bids were declared successful out of 38.
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 (auction) had reached Rs 136,736 crore till July 21, which was 94.96 per cent of the total permitted limit of Rs 1.44 lakh crore, according to depositories data.

In an online auction conducted on July 25, the government debt securities had attracted bids to the tune of Rs 7,227 crore from foreign investors as against Rs 7,264 crore on offer. However, bonds to the tune of Rs 37 crore were left unsubscribed after the auction.
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 hiked to Rs 1.40 lakh crore from April 4. Prior to that, the limit was Rs 1.35 lakh crore.