Document title: Government Stock - Full Auction Results
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/696
Date: July 17, 2026
Policy Rates and Liquidity
The RBI conducted full auctions for three government securities: 6.03% GS 2029, 6.68% GS 2033, and 7.24% GS 2055. The notified amounts were ₹11,000 crore for the 2029 and 2033 issues and ₹10,000 crore for the 2055 issue. Competitive bids received amounted to ₹25,919.000 crore, ₹31,294.000 crore, and ₹25,317.250 crore respectively, indicating strong demand. The cut‑off yields were 6.1988% (2029), 6.6203% (2033) and 7.3941% (2055). Weighted average yields (WAY) were 6.1640%, 6.6165% and 7.3889% respectively.
Capital Markets and Flows
A total of 111, 200 and 225 competitive bids were received for the three securities. The number of competitive bids accepted were 62, 40 and 105, with accepted amounts of ₹10,996.355 crore, ₹10,990.015 crore and ₹9,987.916 crore. Partial allotment percentages of competitive bids were 28.2420% (11 bids) for the 2029 issue, 85.9915% (19 bids) for the 2033 issue, and 33.9433% (12 bids) for the 2055 issue. Non‑competitive bids were also received: 4, 5 and 6 bids amounting to ₹3.645 crore, ₹9.985 crore and ₹12.084 crore, all of which were accepted in full. Underwriting was fully covered by primary dealers for the notified amounts, with no devolvement on primary dealers.
The auction results demonstrate robust participation across competitive and non‑competitive segments, with yields aligning closely to the cut‑off levels and full underwriting coverage, reflecting continued market confidence in RBI‑issued government securities.