Document title: Government Stock - Auction Results: Cut-off
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1038
Date: September 04, 2026
Capital Markets and Flows
The RBI disclosed the outcomes of its recent government securities auction covering two issues: New Government Stock (GS) 2031 and the 7.71% GS 2066. For New GS 2031, the notified amount was ₹21,000 crore, and the entire amount was accepted in the auction. The cut‑off price corresponded to an implicit yield of 6.53%. No devolvement was recorded on primary dealers for this issue.
For the 7.71% GS 2066, the notified amount was ₹11,000 crore, also fully accepted. The cut‑off price was quoted at 100.58, yielding an implicit rate of 7.6618%. Similar to the first issue, there was no devolvement on primary dealers.
In total, the auction resulted in the successful placement of ₹32,000 crore of government securities, with both issues achieving full subscription and no primary dealer participation required for devolvement.
The release was signed by Deputy General Manager Ajit Prasad of the RBI's Department of Communication.
Overall, the auction demonstrates robust demand for government securities and provides benchmark yields for the respective tenors.