RBI State Securities Auction Yields 7-8%

RBI released full auction results for multiple state government securities on April 7, 2026, detailing notified amounts, tenors, bids, and yields.
Total notified amount across all states summed to ₹18,159 crore, with weighted average yields ranging from 7.33% to 8.07%.
Competitive bids far exceeded offerings, e.g., Andhra Pradesh 12‑year SGS attracted ₹9,055.5 crore from 148 bids, cut‑off yield 7.96%.
Non‑competitive bids were largely accepted, with acceptance rates up to 96.55% (e.g., Andhra Pradesh 12‑year) and yields near 100.16 rupees.