Document title: Government Stock - Auction Results: Cut-off
Issuing authority: Reserve Bank of India, Department of Communication
Reference number: Press Release 2026-2027/441
Date: June 12, 2026
Capital Markets and Flows
The Reserve Bank of India released the final results of its government securities auction for two series. For the 6.36% GS 2031 issue, the notified amount was ₹21,000 crore, which was fully accepted at a cut‑off price of 99.43, corresponding to an implicit yield of 6.5006%. For the 7.71% GS 2066 issue, the notified amount was ₹11,000 crore, also fully accepted, with a cut‑off price of 100.93 and an implicit yield of 7.6345%. No devolvement was required from primary dealers for either series. The press release was issued by Deputy General Manager Ajit Prasad of the Communications division.
Overall, the auction achieved full subscription of the announced amounts at yields reflecting the prevailing market conditions, with pricing slightly above par for the longer‑dated issue.