Document title: Government Stock - Full Auction Results
Issuing authority: Reserve Bank of India (RBI)
Reference: Press Release 2026-2027/1492
Date: 13 November 2026
Capital Markets and Flows
The RBI conducted a full auction of 6.94% Government Securities maturing in 2036 (GS 2036) with a notified amount of ₹34,000 crore. Competitive bids numbered 349, representing a total bid amount of ₹73,016.600 crore. The cut‑off price was set at 97.43 rupees, corresponding to a yield‑to‑maturity of 7.3203 %. Of the competitive bids, 146 were accepted, amounting to ₹33,947.718 crore, resulting in a partial allotment percentage of 18.3591 % (34 bids). The weighted average price of the accepted competitive bids was 97.46 rupees (WAY 7.3158 %). Non‑competitive bids comprised 8 applications totaling ₹52.282 crore, all of which were accepted.
Regulatory and Policy Measures
The underwriting notified amount matched the full auction size of ₹34,000 crore, and the entire underwriting amount was taken up by primary dealers. No devolvement on primary dealers was required. The auction results were communicated by Deputy General Manager Ajit Prasad of the RBI’s Department of Communication.
The auction demonstrated strong demand for long‑dated government securities, with competitive participation exceeding the notified amount and full underwriting support from primary dealers, indicating robust market appetite and effective execution of RBI’s debt‑raising programme.