With over 99 percent of permitted investment levels for overseas investors already exhausted, the Bombay Stock Exchange (BSE) will on Monday auction investment limits for government debt securities worth Rs.893 crore.
The BSE, in a circular, said the auction will take place on its "ebidxchange" platform between 3.30 p.m. and 5.30 p.m. after close of normal market hours on Monday.
According to data from the depositories, total investments, including limits acquired by foreign investors through the auction route, currently stand at Rs.1,23,539 crore -- that is at 99.28 percent of the permitted levels.
Of this, Rs.1,23,414 crore are already invested, while foreign investors have got unutilised investment limits worth Rs.125 crore available with them, leaving available debt securities worth Rs.893 crore, limits for which would be auctioned on Monday.
Foreign investors are allowed to invest up to $25 billion in government debt securities through the auction route, while an investment of up to $5 billion is permitted "on tap".
In the "on-tap" category too, total investments currently stand at Rs.29,069 crore, exhausting 99.77 percent of the permitted levels.
