India to auction unused govt debt limit to foreign investors

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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The NDA government would do well to keep its economic focus in place

    It is as if the worst horrors conjured by liberal secularists about India’s prime minister could be finally coming true.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture