RBI Govt Bond Auction Subscribed, Yields 6.2-7.4%

Document title: Government Stock - Auction Results: Cut-off

Issuing authority: Reserve Bank of India, Department of Communication

Reference: Press Release 2026-2027/695

Date: 17 July 2026

Capital Markets and Flows

The RBI announced the results of the government securities auction for three issues: GS 2029 with a 6.03 % coupon, GS 2033 with a 6.68 % coupon, and GS 2055 with a 7.24 % coupon. The notified amounts were ₹11,000 crore for the 2029 and 2033 issues and ₹10,000 crore for the 2055 issue. All notified amounts were accepted in the auction, indicating full subscription. The cut‑off prices were 99.61 rupees for GS 2029, 100.31 rupees for GS 2033 and 98.16 rupees for GS 2055, corresponding to implicit yields of 6.1988 %, 6.6203 % and 7.3941 % respectively. No devolvement was required from primary dealers for any of the three securities.

The auction outcome reflects robust demand for government debt across the maturity spectrum and provides benchmark yields for the secondary market.