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NSE to auction investment limits for Rs 2,800-cr govt bonds

The auction will be conducted on NSE’s e-bid platform from 3.30 to 5.30pm after the close of market hours.

business Updated: Sep 22, 2017 14:17 IST
Press Trust of India
Press Trust of India
Press Trust of India, New Delhi
NSE,bonds,government bonds
The National Stock Exchange building in Mumbai.(Mint file)

The National Stock Exchange (NSE) has said it will auction investment limits for overseas investors for purchase of government bonds worth close to Rs 2,800 crore on Monday.

The auction will be conducted on NSE’s e-bid platform from 3.30 to 5.30pm after the close of market hours, the exchange said in a circular.

The auction quota gives overseas investors the right to invest in debt up to the stipulated limit.

Till Thursday, the total investment in the government debt category reached Rs 1,84,914 crore, 98.52% of total permitted threshold of Rs 1,87,700 crore, as per the latest update with depositories.

Consequently, the exchange will conduct an auction for the allocation of unutilised debt investment limits (Rs 2,786 crore) on September 25.

In an auction conducted earlier this month, the government bonds had attracted bids to the tune of Rs 6,663 crore from foreign investors against Rs 4,910 crore put on offer.

First Published: Sep 22, 2017 13:45 IST