National Stock Exchange (NSE) will auction investment limits for overseas investors to buy government debt securities worth a staggering over Rs 20,000 crore.
The auction will be conducted on NSE's e-bid platform from 1530 hours to 1730 hours after the close of market hours on Wednesday, the exchange said in a circular.
The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased. The total investment in government debt has reached Rs 1,68,143 crore till July 3, 90.94 per cent of the total permitted limit of Rs 1,84,901 crore, according to the latest data available with depositories.
Consequently, the exchange has decided to conduct an auction for the allocation of the unutilised debt limit to the tune of Rs 20,397 crore today.
Besides, a mock bidding session was conducted yesterday to check the system's performance.
In an online auction last month, government debt securities had attracted bids worth Rs 16,708 crore from foreign investors as against Rs 18,437 crore on offer.