 "FIIs bid aggressively in govt bond auction")
In the auction of government bonds for Foreign Institutional Investors (FIIs) the bidding continued to be aggressive with the quota on offer being small.
The total market demand was worth Rs 5,664 crore while the amount available for auction was Rs 1,488 crore.
The total number of bidders were 83.
In the previous auction the total demand was Rs 2,094 crore while the amount available for auction was Rs 646 crore.
The FII limit in government bonds is near full due to which FIIs have started buying corporate bonds where the limits are still available.
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