 "sebi")
Foreign portfolio investors (FPIs) on Thursday bid for government securities (G-Sec) investment limits worth Rs 16,708 crore against Rs 18,437 crore on offer, according to sources.
Investment permits worth Rs 1,729 crore remained unsold in an auction conducted on BSE’s ebidXchange platform. The highest bid also came in at a token one basis point.
The demand shortfall and low bids were surprising considering robust FPI flows in the secondary market. So far in 2017, overseas investors have pumped in $13 billion in the domestic debt market.
Market players, however, said the demand shortfall was more due to
Investment permits worth Rs 1,729 crore remained unsold in an auction conducted on BSE’s ebidXchange platform. The highest bid also came in at a token one basis point.
The demand shortfall and low bids were surprising considering robust FPI flows in the secondary market. So far in 2017, overseas investors have pumped in $13 billion in the domestic debt market.
Market players, however, said the demand shortfall was more due to
