Document title: Open Market Operation (OMO) – Sale of Government of India Securities – Cut-Offs
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1201
Date: September 28, 2026
Policy rates and liquidity
The Reserve Bank of India conducted an open market operation on 28 September 2026, offering Government of India securities for sale. The aggregate amount notified for the operation was ₹25,000 crore. The RBI accepted a total face‑value of ₹24,800 crore across six distinct issues. The accepted amounts were: ₹920 crore of the 7.59% 2029 bond, ₹610 crore of the 6.45% 2029 bond, ₹1,350 crore of the 7.61% 2030 bond, ₹1,320 crore of the 5.85% 2030 bond, ₹14,350 crore of the 6.54% 2032 bond, and ₹6,450 crore of the 7.26% 2032 bond. The cut‑off yields for these securities ranged from 6.6676% (7.59% 2029) to 7.1021% (7.26% 2032). Corresponding cut‑off prices varied between ₹96.07 (5.85% 2030) and ₹102.19 (7.61% 2030) per ₹100 face value.
Capital markets and flows
The operation involved the sale of six Government of India securities with varying coupon rates and maturities (2029, 2030, 2032). The RBI set cut‑off yields and prices to allocate the securities among participants, with the highest acceptance observed for the 6.54% 2032 issue. Detailed allocation results will be released shortly by the RBI.
The RBI’s OMO reflects its ongoing liquidity management stance, utilizing government securities to absorb excess liquidity from the market. Detailed results will be communicated in a subsequent notice.