Government debt securities attracted bids worth Rs 10,439 crore from Foreign Portfolio Investors (FPIs), against Rs 12,715 crore put on offer in an online auction held today.
The auction was conducted on BSE's 'ebidxchange' platform during 1530-1730 hours, after the close of market hours.
The debt auction quota gives overseas investors right to invest in debt, up to the limit purchased. A mock bidding session was conducted on Friday.
In an online auction conducted last month, the government debt securities had attracted bids worth Rs 9,458 crore from Foreign Portfolio Investors (FPIs), against Rs 9,333 crore put up on offer.
To boost inflow of foreign funds into Indian capital markets, regulator Sebi raised the FPI investment limit in government securities to Rs 1.48 lakh crore a month from October 3 onwards. Prior to that, the limit was Rs 1.44 lakh crore.
This limit will be further increased to Rs 1.52 lakh crore from January 2, next year.
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