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This would be the biggest sale of government securities so far this year [AP images]
This would be the biggest sale of G-Secs (government securities) so far this year.
It would be first auction for debt securities since a hike in the investment limits for FIIs in government debt to $30 billion, from $25 billion previously, earlier this month.
An expert committee recently recommended to SEBI that the regulator should further ease the regulations governing registration for FIIs and make it easier for them to invest in India.
The proposals are likely to be discussed by SEBI’s board next week.
A total of 68 FIIs had participated in last month’s auction, while 26 bids were declared successful.
The FIIs need to bid for investment limits in an auction conducted periodically by SEBI as per the available limits, pursuant to which they can invest in the bond market.
SEBI auctions debt limits for FIIs is conducted on the 20th of every month. The government recently relaxed ownership limits in Indian debt for FIIs.
Source: Agencies
