Signalling robust demand for the Government bonds, an auction of debt securities on Monday attracted bids of staggering Rs7,093 crore from foreign investors, more than double than securities put on offer.
The auction, which was held on NSE’s ebid-platform for allocation of Foreign Portfolio Investors (FPIs) investment limits in government debt securities worth Rs3,476 crore ($513 million), saw bids for Rs7,093 crore ($1.05 billion), according to the bourse.
At the end of two-hour auction this evening, 31 bids were declared successful, as per the information available with National Stock Exchange (NSE).