Document title: Government Stock - Full Auction Results
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/833
Date: August 07, 2026
Capital Markets and Flows
The Reserve Bank of India released the full auction results for two government securities: the 6.36% Government Stock maturing in 2031 and the 7.71% Government Stock maturing in 2066. The notified amounts were ₹21,000 crore for the 2031 issue and ₹11,000 crore for the 2066 issue, totalling ₹32,000 crore. Competitive bids were received from 246 bidders for the 2031 issue amounting to ₹50,030.000 crore and from 242 bidders for the 2066 issue amounting to ₹34,560.000 crore, representing 99.98% and 101.84% of the notified amounts respectively. The cut‑off yields (YTM) were 6.3647% for the 2031 issue and 7.5618% for the 2066 issue.
From the competitive bids, the RBI accepted 103 bids for the 2031 issue and 20 bids for the 2066 issue, allocating ₹20,988.272 crore and ₹10,981.043 crore respectively. The partial allotment percentages were 80.6907% for the 2031 issue and 97.8651% for the 2066 issue. A total of 27 competitive bids were recorded for the 2031 issue and 5 for the 2066 issue, with weighted average yields of 6.3570% and 7.5571% respectively.
Non‑competitive bids were received from six participants for each issue, amounting to ₹11.728 crore for the 2031 issue and ₹18.957 crore for the 2066 issue. All non‑competitive bids were accepted, with the same amounts allotted.
Underwriting was fully covered by primary dealers for both issues, matching the notified amounts of ₹21,000 crore and ₹11,000 crore. No devolvement was required from primary dealers.
Regulatory and Policy Measures
The auction was conducted under the standard RBI procedures for government securities, with the full notified amounts being underwritten by primary dealers and no additional market intervention needed. The results reflect the RBI’s ongoing role in facilitating government debt issuance and ensuring market stability through transparent auction mechanisms.