To boost foreign flows, the limit for overseas investors in central government securities has been increased from Rs1.40 trillion to Rs1.44 trillion from 5 July. New Delhi: Government debt securities on Tuesday attracted bids worth a staggering Rs.7,494 crore ($1.12 billion) from foreign investors as against Rs.7,046 crore on offer in an online auction. The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased. In an online auction conducted last month, the government debt securities had attracted bids worth a staggering Rs.10,599 crore from foreign investors as against Rs.9,358 crore on offer. To boost foreign flows, the limit for overseas investors in central government securities has been increased from Rs.1.40 trillion to Rs.1.44 trillion from 5 July.

Source: Mint September 06, 2016 15:45 UTC