FPIs continue to lap up investment limits

FPIs continue to lap up investment limits

International News

Foreign portfolio investors (FPIs) continue to show interest in central government securities even as they acquired all the available limits during Monday’s auction. Foreign investors put in bids worth Rs 5,139 crore against a notified amount of Rs 3,930 crore. In the previous auction, FPIs had bid for limits worth Rs 3,666 crore against a total notified amount of Rs 2,169 crore. The highest bid on Monday’s auction stood at 3.50 basis points while the cut-off stood at 2 basis points. Compared to this, the previous auction saw the highest bid at 7 basis points against a cut-off of 4.5 basis points. The total number of bidders this time stood at 41 compared to 42 in the last auction.