Sebi to auction bonds worth $11.3 bn for FIIs this mth
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 said that the time period for utilisation of the government debt limits allocated through bidding process would be 30 days, while the time period for utilisation of the corporate debt limits would be 60 days.
Indian markets witnessed robust interest from FIIs last year and the momentum has continued so far. FIIs have pumped in USD 785 million (Rs 4,196 crore) this year, after putting in USD 6.64 billion (Rs 34,988 crore) in the debt securities during 2012.
That was the highest annual net investment by FIIs in debt securities since 2010, when they had infused Rs 46,408 crore.
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