Document title: Government Stock - Full Auction Results
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1459
Date: November 06, 2026
Capital Markets and Flows
The Reserve Bank of India released the complete auction outcomes for two government securities: the 7.06% Government Security maturing in 2041 (GS 2041) and the 7.43% Government Security maturing in 2076 (GS 2076). The notified amounts for the auctions were ₹23,000 crore for GS 2041 and ₹13,000 crore for GS 2076. Competitive bids received amounted to ₹52,879.800 crore across 387 bids for GS 2041 and ₹20,751.000 crore across 144 bids for GS 2076.
The cut‑off price for GS 2041 was set at ₹97.07, corresponding to a yield‑to‑maturity (YTM) of 7.3881%, while the cut‑off price for GS 2076 was ₹95.70 with a YTM of 7.7708%. Competitive bids accepted comprised 144 bids totaling ₹22,919.964 crore for GS 2041 and 107 bids totaling ₹12,991.893 crore for GS 2076. The partial allotment percentages of the competitive bids were 32.5634% for GS 2041 (derived from 21 bids) and 24.0221% for GS 2076 (derived from 2 bids).
Weighted average prices (WAY) were calculated at ₹97.11 for GS 2041 (WAY 7.3835%) and ₹96.07 for GS 2076 (WAY 7.7403%). Non‑competitive bids were also received and fully accepted: four bids amounting to ₹80.036 crore for GS 2041 and three bids amounting to ₹8.107 crore for GS 2076, with the same quantities accepted. Underwriting was fully covered by primary dealers, with the entire notified amounts of ₹23,000 crore for GS 2041 and ₹13,000 crore for GS 2076 being accepted. No devolvement on primary dealers was reported.
In summary, the RBI’s auction achieved substantial participation, with competitive and non‑competitive bids fully subscribed, yielding cut‑off yields of approximately 7.39% and 7.77% for the two securities respectively.