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E-mail ID will not be published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

  • Financial inclusion, if executed to plan, will lift economy

    The government’s proposed big push to financial inclusion, as reported by the Press Trust of India, if executed to plan, would go along way

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

Arun Kumar Jain

Innovation challenges for IT firms

As established technology companies become old and gear for a ...

Kuruvilla Pandikattu SJ

How we can connect ourselves to others

Most of us have difficulty in being true to ourselves ...

Gautam Gupta

We must nurture talent from small towns of India

Every year, we have droves of fashion graduates passing out ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture