Document title: Government Stock - Full Auction Results
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/1375
Date: October 23, 2026
Capital Markets and Flows
The RBI released the complete auction outcomes for two government securities: the 6.53% Government Stock maturing in 2031 and the 7.71% Government Stock maturing in 2066. For the 2031 issue, the notified amount was ₹19,000 crore; competitive bids were received from 173 participants amounting to ₹33,343.800 crore. The cut‑off price was set at ₹96.65 per ₹100 face value, corresponding to a yield to maturity (YTM) of 7.3589%. Competitive bids accepted totaled ₹18,994.981 crore from 104 bidders, resulting in a partial allotment of 97.0690% across 12 bids. The weighted average price (WAY) was ₹96.71, yielding a weighted average yield of 7.3437%.
For the 2066 issue, the notified amount was ₹14,000 crore; competitive bids were received from 219 participants amounting to ₹29,157.000 crore. The cut‑off price was ₹97.30 per ₹100, with a YTM of 7.9339%. Competitive bids accepted amounted to ₹13,941.425 crore from 118 bidders, with a partial allotment of 27.7973% across 3 bids. The weighted average price was ₹97.45, giving a weighted average yield of 7.9211%.
Non‑competitive bids were modest: four bids were received and accepted for each issue, totalling ₹5.019 crore for the 2031 issue and ₹58.575 crore for the 2066 issue, both fully allotted. The underwriting amount matched the notified amounts for both securities (₹19,000 crore for 2031 and ₹14,000 crore for 2066), and no devolvement was required from primary dealers.
The press release is signed by Deputy General Manager Ajit Prasad of the RBI Communications Department.