Sebi to auction R42,022 cr worth of G-Secs today

Market regulator Sebi,on Thursday,will conduct an auction for grant of investment limits to foreign investors in government debt securities worth over Rs 42,000 crore the biggest sale of G-Secs 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. Besides,a committee recently recommended that Sebi should further ease regulations governing registration for FIIs and make it easier for them to invest in India. The proposals are likely to be discussed by Sebis board next week.