Foreign investors bid aggressively for govt bonds

MUMBAI (Reuters) - Foreign investors bid aggressively in an Indian government bond limit auction on Monday, willing to pay a cut-off of 44.05 basis points, higher than 12.5 basis points last month, three traders with direct knowledge of the results said.

Foreign investors bid for 142.85 billion rupees compared with 73.96 billion rupees of domestic sovereign bonds on offer at the auction, the traders said.

(Reporting by Suvashree Dey Choudhury, Neha Dasgupta and Himank Sharma; Editing by Clara Ferreira Marques)