Government debt securities today attracted bids worth Rs 4,011 crore from foreign investors as against Rs 4,046 crore on offer in an online auction.
This is the second instance in less than a month when the government securities evoked lesser subscriptions from foreign investors.
Prior to that, the bonds were subscribed multiple times, given the huge interest among foreign investors.
The auction was conducted on BSE's e-bidexchange platform from 1530 hours to 1730 hours after the close of market hours. At the end of the 2-hour auction, 24 bids were declared successful.
Foreign portfolio investors (FPIs) have bid for investment limits in government debt securities worth Rs 4,011 crore as against Rs 4,046 crore on offer, exchange data showed.
The bonds to the tune of Rs 35 crore were left unsubscribed after the auction. The debt quota gives overseas investors the right to invest in the debt, up to the limit purchased.
In an auction conducted on May 16, bids worth Rs 2,957 crore came in as against Rs 3,340 crore on offer during an online bidding.
To boost inflows of foreign funds, the limit for overseas investors in central government bonds was raised to Rs 1.4 lakh crore from April 4, which will be further increased to Rs 1.44 lakh crore from July 5. Earlier, the limit was Rs 1,35,400 crore.
