Document title: Government Stock - Auction Results: Cut-off
Issuing authority: Reserve Bank of India, Department of Communication
Reference number: Press Release 2026-2027/1143
Date: September 18, 2026
Capital Markets and Flows
The RBI conducted an auction of two government securities: 7.06% GS 2041 and 7.43% GS 2076. The notified amounts were ₹17,000 crore for the 2041 issue and ₹11,000 crore for the 2076 issue. Both issues were fully subscribed, with the entire notified amount accepted. The cut‑off price for the 2041 issue was 98.45, corresponding to an implicit yield of 7.2305 per cent. For the 2076 issue, the cut‑off price was 96.73, yielding 7.6863 per cent. No devolvement was made on primary dealers for either issue.
Regulatory and Policy Measures
The auction results were released through Press Release 2026-2027/1143 by Deputy General Manager Ajit Prasad of the RBI’s Department of Communication. The outcome reflects the RBI’s continued reliance on market‑based financing for government borrowing, providing transparent pricing and achieving full subscription without primary‑dealer participation.
Overall, the auction demonstrates robust demand for long‑term government securities and underscores the effectiveness of the RBI’s auction mechanism in mobilising domestic capital at competitive yields.