`2,674-cr govt debt attracts foreign bids of `5,653-cr

Showing strong demand for government bonds, foreign investors on Monday put in bids of Rs 5,653 crore for debt securities of Rs 2,674 crore placed under the auction.

The auction was held at BSE 'ebidXchange' platform for allocation of investment limits in government debt securities worth Rs 2,674 crore. The auction attracted bids for Rs 5,653 crore.

At the end of two-hour auction, 35 bids were declared successful.

The debt auction quotas give overseas investors the right to invest in debt up to the limit purchased.

The aggregate overseas investment in these securities has reached Rs 1,21,271 crore —97.46 per cent of the total permitted limit of Rs 1,24,432 crore—as on November 28.