Document title: Government Stock - Auction Results: Cut-off
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1339
Date: October 16, 2026
Capital Markets and Flows
The Reserve Bank of India announced the results of the auction of 6.94% Government Stock maturing in 2036. The notified amount for the issue was ₹34,000 crore. The cut‑off price was determined at 96.91, which corresponds to an implicit yield of 7.3955% at the cut‑off level. The full notified amount of ₹34,000 crore was accepted in the auction. No devolvement was required from primary dealers, indicating that the auction was fully subscribed without the need for additional allocation from the dealer network.
Regulatory and Policy Measures
The auction was conducted under the existing Government Securities framework, with the RBI overseeing the process. The absence of primary dealer devolvement reflects the adequacy of market demand for the issuance. No additional regulatory actions or policy changes were announced in conjunction with this auction.
The RBI’s communication confirms a successful placement of the entire ₹34,000 crore issuance at the stated price and yield, demonstrating robust investor appetite for long‑dated government securities.