India to auction unused govt debt limit to foreign investors

Tags: Stock Market
India will auction unutilised investment limits in government debt worth 55.16 billion rupees ($917.88 million) to foreign investors on Tuesday, exchange operator BSE Ltd said in a circular on Monday.

The auction comes after the country previously auctioned 71.52 billion rupees worth of unused debt limits on June 11, which saw aggressive bidding by foreign investors.

These bond auction quotas give foreign investors the right to invest in debt up to the limit bought.

BSE will notify bidders about the results of the auction shortly after 5:30 p.m. India time on Tuesday.

EDITORIAL OF THE DAY

  • The government needs to explain the `67,382 crore IDS declarations

    The authenticity of disclosures made by individuals and companies under the much-publicised Income Disclosure Scheme (IDS) has come under scrutiny.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Disequilibrium:</b> The Looking glass war

In the looking glass war, where bitter adversaries - Ratan ...

Ananda Majumdar

<b>Ruminations:</b> How JP can wake up Cong

The Congress party has clearly missed a trick with its ...

Kuruvilla Pandikattu

Let go of ‘if onlys’, live in the moment

The prospect of facing certain death and reflecting on it ...