Document Title: Result of Buyback Auction of Government of India Dated Securities
Issuing Authority: Reserve Bank of India (RBI) – Department of Communication
Reference: Press Release 2026-2027/559
Date: 29 June 2026
Policy rates and liquidity
The RBI conducted a buyback auction of dated Government of India securities. The aggregate face value notified for the auction was ₹30,000 crore. Participants offered a total face value of ₹7,694.224 crore, of which the RBI accepted ₹7,388.194 crore, indicating the amount of liquidity withdrawn from the market.
Capital markets and flows
Detailed results for each security are as follows:
- Security 1: 11 offers received totaling ₹451.500 crore; 8 offers accepted for ₹351.500 crore; cut‑off price ₹100.62; weighted‑average price ₹100.59.
- Security 2: 19 offers received totaling ₹3,123.504 crore; 17 offers accepted for ₹2,923.504 crore; cut‑off price ₹100.11; weighted‑average price ₹100.08.
- Security 3: 14 offers received totaling ₹2,925.252 crore; all 14 offers accepted for the full ₹2,925.252 crore; cut‑off price ₹101.06; weighted‑average price ₹101.02.
- Aggregate across securities: total accepted amount ₹7,388.194 crore; overall cut‑off price ranged from ₹100.62 to ₹101.61; weighted‑average prices ranged from ₹100.59 to ₹101.57.
Regulatory and policy measures
The buyback operation was announced through Press Release 2026‑2027/559, signed by Deputy General Manager Ajit Prasad of the Communications division. The RBI’s execution of the auction reflects its ongoing liquidity management strategy and supports orderly functioning of the government securities market.
The RBI’s buyback auction absorbed ₹7,388 crore of government securities, with cut‑off prices clustered around the ₹100‑₹101 mark, demonstrating the central bank’s active role in managing market liquidity and ensuring depth in the dated securities segment.