Document title: Government Stock - Full Auction Results

Issuing authority: Reserve Bank of India

Date: June 19, 2026

Capital Markets and Flows

The Reserve Bank of India announced the results of a full auction of four government securities with a total notified amount of ₹32,000 crore. The securities and their key auction metrics are as follows:

  • 6.03% Government Security (GS) 2029: Notified amount ₹11,000 cr. Competitive bids received from 106 bidders totalling ₹37,549.000 cr. The cut‑off price was 99.52, corresponding to a yield‑to‑maturity (YTM) of 6.2300%. Eight competitive bids were accepted for ₹10,996.165 cr, resulting in a partial allotment of 54.6165% (one bid). The weighted average price (WAY) was 99.62, yielding 6.1876%. Five non‑competitive bids were received and all were accepted for a total of ₹3.835 cr. Underwriting was fully satisfied at the notified amount of ₹11,000 cr.
  • 6.68% Government Security (GS) 2033: Notified amount ₹11,000 cr. Competitive bids received from 167 bidders totalling ₹33,246.000 cr. Cut‑off price 99.69 (YTM 6.7373%). Twenty‑four competitive bids were accepted for ₹10,990.451 cr, with a partial allotment of 49.4395% across 13 bids. Weighted average price 99.71, yielding 6.7335%. Five non‑competitive bids were received and accepted for ₹9.549 cr. Underwriting fully satisfied at ₹11,000 cr.
  • 7.24% Government Security (GS) 2055: Notified amount ₹5,000 cr. Competitive bids received from 153 bidders totalling ₹13,911.500 cr. Cut‑off price 97.10 (YTM 7.4847%). Thirty‑five competitive bids were accepted for ₹4,988.514 cr, with a partial allotment of 54.0976% across seven bids. Weighted average price 97.17, yielding 7.4786%. Five non‑competitive bids were received and accepted for ₹11.486 cr. Underwriting fully satisfied at ₹5,000 cr.
  • 7.50% Government of India Savings Bond (GOI SGrB) 2056: Notified amount ₹5,000 cr. Competitive bids received from 94 bidders totalling ₹13,810.160 cr. Cut‑off price 100.52 (YTM 7.4551%). Twenty‑two competitive bids were accepted for ₹4,994.766 cr, with a partial allotment of 91.9869% (one bid). Weighted average price 100.59, yielding 7.4492%. Four non‑competitive bids were received and accepted for ₹5.234 cr. Underwriting fully satisfied at ₹5,000 cr.

Across all securities, the total competitive bid amount received was ₹98,516.660 cr, while the total amount accepted from competitive bids was ₹31,969.896 cr. Non‑competitive bids were fully allotted, amounting to ₹30.404 cr. No devolvement on primary dealers was reported.

The auction outcomes reflect strong investor participation in government securities, with competitive bid acceptance rates ranging from 49.44% to 91.99% and weighted average yields spanning 6.19% to 7.45%.