Govt bonds oversubscribed, FPIs put in bids worth Rs 521 cr

Signalling robust demand for government bonds, an auction of debt securities on Monday received bids worth Rs 521 crore, higher than securities to the tune of Rs 332 crore put on offer, from foreign investors. The auction was held at BSE's e-bidxchange bid platform for allocation of Foreign Portfolio Investors (FPIs) investment limits in government debt securities. At the end of two-hour auction this evening, 18 bids were declared successful. The debt auction quota gives overseas investors the right to invest in the debt, up to the limit purchased.

Depository data showed that total investments, including limits acquired by foreign investors through the auction route, stood at Rs 1,29,048 crore till October 29.