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$2.9-billion G-Secs to be auctioned for FPIs today

Auction will be carried out by the BSE, on its 'ebidxchange' platform from 3.30 pm to 5.30 pm

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Samie Modak
Investment limits worth Rs 18,437 crore ($2.9 billion) in government securities (G-Secs) meant for foreign portfolio investors (FPIs) will be auctioned on Thursday.
 
The first in a little over six months, it comes when the domestic debt market is seeing robust foreign investment. FPIs had, as on Tuesday, invested Rs 1.66 lakh crore in government paper, about 90 per cent of the upper investment limit of Rs 1.85 lakh crore (all categories), shows data from the National Securities Depository.
 
The Securities and Exchange Board of India (Sebi) rules say FPIs have to buy permits once their investment limit

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