Document title: Result of Buyback Auction of Government of India Dated Securities
Issuing authority: Reserve Bank of India (RBI)
Reference: Press Release 2026-2027/770
Date: July 28, 2026
policy rates and liquidity
The RBI conducted a buyback auction of Government of India dated securities. The aggregate face value of securities notified for the auction was ₹20,000.000 crore. Participants offered a total face value of ₹16,959.078 crore, and the RBI accepted ₹12,604.078 crore, thereby absorbing liquidity from the market.
capital markets and flows
Details of each security are as follows:
- Security 2026‑10: Offers received amounted to ₹9,160.691 crore; 7 offers were accepted, with a total accepted face value of ₹8,960.691 crore. The cut‑off price was ₹100.48 per ₹100 face value and the weighted average price was ₹100.47.
- Security 2026‑12: Offers received amounted to ₹3,618.000 crore; 9 offers were accepted, with a total accepted face value of ₹893.000 crore. The cut‑off price and weighted average price were both ₹100.10.
- Security 2026‑11: Offers received amounted to ₹2,450.387 crore; 10 offers were accepted, with a total accepted face value of ₹2,400.387 crore. The cut‑off price and weighted average price were both ₹100.86.
- Security 2027 (unspecified series): Offers received amounted to ₹1,730.000 crore; the RBI accepted ₹350.000 crore. The cut‑off price was ₹101.40 and the weighted average price was ₹101.39.
regulatory and policy measures
The buyback auction results were communicated through Press Release 2026-2027/770 by Deputy General Manager Ajit Prasad, Communications, RBI. The operation reflects RBI's ongoing liquidity management and debt market operations aimed at maintaining orderly market conditions.