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Dec 22, 2012
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FIIs make aggressive bids for Indian debt on rate cut hopes
Signalling an increase in demand for Indian debt, foreign investors bid aggressively for investment limits auctioned by market regulator Securities Exchange Board of India on hopes of better policy environment and reduction in interest rates. Against overall investment limits of Rs 16,550 crore in government and corporate bonds, foreign institutional investors bid for Rs 21,535 crore, a 30% oversubscription. For long-term government bonds with a minimum residual maturity of five years, FIIs put in bids worth Rs 12,094 crore against limits of Rs 10,264 crore.
Source -
http://economictimes.indiatimes.com
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