Document title: Government Stock - Auction Results: Cut‑off
Issuing authority: Reserve Bank of India, Department of Communication
Reference number: Press Release 2026‑2027/748
Date: 24 July 2026
Capital Markets and Flows
The RBI conducted auctions for two government securities: New Government Securities (GS) 2041 and 7.43% GS 2076. The notified amount for New GS 2041 was ₹17,000 crore, fully subscribed, with an accepted amount of ₹17,000 crore. The cut‑off yield for this issue was 7.06%. For the 7.43% GS 2076, the notified and accepted amount was ₹11,000 crore, with a cut‑off price of 97.55 and an implicit yield of 7.6212%. No devolvement was required from primary dealers for either issue.
Regulatory and Policy Measures
The results were released through Press Release 2026‑2027/748 by Deputy General Manager Ajit Prasad of the Communications Division. The auction outcomes reflect the RBI’s ongoing debt issuance strategy and indicate the market’s absorption capacity for government securities.
Overall, the RBI successfully placed the full ₹28,000 crore of government securities at the stated yields, with no primary dealer participation needed, underscoring robust demand in the domestic debt market.