National Stock Exchange on Monday will auction investment limits for foreign investors to buy government debt securities worth Rs 556 crore.
The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased. Depository data showed that total investments, including limits acquired by foreign investors through the auction route, stood at Rs 1,23,876 crore till August 6, which is 99.5 per cent of the total permitted investment limit of Rs 1,24,432 crore in government debt securities.
The auction will be conducted on NSE’s e-bid platform from 1530 hours to 1730 hours after close of normal market hours, a circular said.
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