Govt bonds of Rs. 23,000 crores to be auctioned by Sebi for FIIs

Govt bonds of  Rs. 23,000 crores to be auctioned by Sebi for FIIs: Security Exchange board of India(SEBI) is planning to auction on Monday for Foreign Institutional Investments(FII). The investment limits for foreign investors in government securities worth more than 23,000 crore rupees.  During the sale, which will take place on the National Stock Exchange, will take part in the bidding for 23,661 crore investment in government bonds. Foreign institutional investors (FIIs).  The auction followed a strong interest from foreign institutional investors to sell the bond investment of Rs 42,000 crore in the last month that debt.  The biggest selling bonds this year, he drew Paris Rs 39,171 crore. A total of 37 FIIs participated in an auction last month.

Encouraging response last month came at a time when FIIs left the Indian debt market.  Since early June, FIIs made ​​a net outflow of over Rs 44.331 crore debt after net inflows of around Rs 25,000 crore in the first five months of this year.  Indian bond markets have attracted strong interest from FIIs last year, when their net investments amounted to nearly Rs 35,000 crore.

The process takes place at a specified exchange NSE between 15:30 and 1730 electronic platform, the exchange said in a circular. This is the second auction of bonds, such as hiking in the investment limits for FIIs national debt of $ 30 billion to $ 25 billion earlier last month.

FIIs are required to pay for investments in the auction is conducted in accordance with Sebi are available elsewhere, allowing them to invest in the bond market periodically.  Sebi auction of debt limits for FIIs auction held 20 days of each month. Recently, the government building in the Indian debt FIIs relax.