FIIs grab more debt limits on rate cut hopes
feBureau: Mumbai, Jan 22 2013, 02:19 IST
worth of limits in long-term government bonds wherein FIIs can buy bonds of only 3-year and above tenure, $736 million (R3954 crore) worth of limits in corporate bonds that have no tenure restrictions.
Limits in government bonds without tenure restrictions due to unavailability of free limits. Sebi auctions debt limits only when available limits are more than R1,000 crore in any given category.