Document Title: Detailed Result: OMO Sale Auction held on Oct 13, 2026 and Settlement on Oct 14, 2026
Issuing Authority: Reserve Bank of India (RBI)
Reference: Press Release 2026-2027/1320
Date: 13 October 2026
Policy rates and liquidity
The Reserve Bank of India notified an open market operation (OMO) sale of ₹25,000 crore of government securities on 13 October 2026, with settlement scheduled for 14 October 2026. Participants placed bids totalling ₹55,518 crore, more than double the amount offered, resulting in the full allocation of the notified ₹25,000 crore. For the ten‑year securities maturing between 2030 and 2034, the cut‑off yields were set at 7.1428% (2030), 7.2236% (2031), 7.2659% (2032), 7.3413% (2033 first tranche), and 7.3947% (2033 second tranche). Corresponding cut‑off prices were ₹102.20, ₹95.54, ₹103.21, ₹99.58 and ₹98.85 respectively. Weighted average yields across the maturities ranged from 7.1105% to 7.3777%, with weighted average prices between ₹102.30 and ₹98.94. The 2030 issue recorded a partial allotment of 96.66% of competitive bids at the cut‑off price, while later maturities reported no partial allotment.
Capital markets and flows
A total of 2030 bids were received for the 2030 tranche, 2031 bids for 2031, 2032 bids for 2032, 2033 bids for the first 2033 tranche, and 2033 bids for the second 2033 tranche. The total bid amounts (face value) were ₹4,583 crore (2030), ₹8,915 crore (2031), ₹5,875 crore (2032), ₹11,470 crore (first 2033), and ₹19,015 crore (second 2033). The RBI accepted ₹2,820 crore, ₹8,430 crore, ₹1,600 crore, ₹2,735 crore and ₹9,415 crore respectively for these maturities. The high level of participation and the substantial oversubscription underscore robust demand for RBI‑issued securities in the primary market.
The auction results reflect the RBI's ongoing liquidity management strategy, confirming the effectiveness of the OMO mechanism in absorbing excess liquidity and providing a benchmark for market yields.