Document title: Government Stock - Auction Results: Cut‑off
Issuing authority: Reserve Bank of India, Department of Communication
Reference number: Press Release 2026-2027/642
Date: July 10, 2026
Capital Markets and Flows
The Reserve Bank of India released the auction outcomes for two government securities. For the 6.36% coupon bond maturing in 2031, the notified amount was ₹21,000 crore, which was fully accepted. The cut‑off price was 99.75, corresponding to an implicit yield of 6.4218%. For the 7.71% coupon bond maturing in 2066, the notified amount was ₹11,000 crore, also fully accepted. The cut‑off price for this issue was 103.23, implying an implicit yield of 7.4543%. No devolvement was required from primary dealers for either of the two issues. The press release was issued by Deputy General Manager Ajit Prasad (Communications).
The auction results indicate that the full notified amounts for both securities were subscribed at the stated cut‑off prices, with yields reflecting the prevailing market conditions.