RBI Announces ₹28,000 Cr Government Securities Auction

Relevant Extracted Data –

Auction results of Government Securities

Notified amount: ₹28,000 crore split into two securities:
6.68% GS 2040, repayment 07 Jul 2040, ₹17,000 crore, notification F.No.4(1)-B(W&M)/2026, auction date 29 May 2026, settlement 01 Jun 2026.
7.43% GS 2076, repayment 19 Jan 2076, ₹11,000 crore, notification dated 25 May 2026, auction date 29 May 2026, settlement 01 Jun 2026.
Additional subscription option up to ₹2,000 crore per security.
Minimum bid size ₹10,000 (nominal) in multiples of ₹10,000.
Auction method: multiple‑price for re‑issued securities; competitive bids submitted 10:30‑11:30 a.m., non‑competitive 10:30‑11:00 a.m. on 29 May 2026 via e‑Kuber; result announced same day; payment due 01 Jun 2026.
Non‑competitive allocation up to 5% of notified amount per security; bids submitted by banks/primary dealers on behalf of constituents; allotment at weighted average yield/price of successful competitive bids.
Underwriting by Primary Dealers per Revised Scheme of Underwriting Commitment and Liquidity Support (circular RBI/2007‑08/186).

Money market operations

Securities eligible for Repurchase Transactions (Repo) as per Master Direction – Repurchase Transactions (2025) and for “When Issued” trading per RBI circular No. RBI/2018‑19/25.

Foreign exchange turnover data

Surveys or reports

Borrowings, liquidity, capital markets impact

Auction adds ₹28,000 crore of long‑term government debt to market, providing liquidity to primary dealers and investors.
Eligibility for repo and when‑issued trading enhances secondary market liquidity.
Additional subscription option and non‑competitive segment facilitate broader investor participation, potentially affecting yield curves and capital market funding conditions.