RBI Announces ₹34,000 Cr Govt Stock Cut-off

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

Issuing authority: Department of Communication, Reserve Bank of India

Reference number: Press Release 2026-2027/785

Date: 31 July 2026

Capital Markets and Flows

The RBI announced the outcome of the Government Stock (GS) 2036 auction. The notified amount was ₹34,000 crore, and the full amount was accepted. The cut‑off price was 100.89, corresponding to an implicit yield of 6.8117% at the cut‑off. No devolvement was required from primary dealers, as indicated by “NIL”.

Regulatory and Policy Measures

The press release, signed by Deputy General Manager Ajit Prasad of the Communications Division, confirms that the auction was conducted in accordance with the RBI’s standard procedures for government securities issuance. No additional regulatory actions were noted.

The auction result demonstrates strong demand for long‑term government securities, with the entire ₹34,000 crore subscribed at a yield of 6.81%, and no need for primary dealer support.