RBI Announces Auction Results for Government Securities 2031, 2066

The Reserve Bank of India (RBI) has released the results of its latest auction of government securities (G-Secs) held on June 12, 2026. The auction involved two securities: the 6.36% GS 2031 and the 7.71% GS 2066, with notified amounts of ₹21,000 crore and ₹11,000 crore, respectively.

For the 6.36% GS 2031, competitive bids worth ₹54,660 crore were received, of which ₹20,983.05 crore were accepted. The cut-off price was ₹99.43, translating to a yield-to-maturity (YTM) of 6.5006%. Similarly, for the 7.71% GS 2066, competitive bids totaling ₹27,177 crore were received, with ₹10,964.76 crore accepted. The cut-off price for this security was ₹100.93, with a YTM of 7.6345%.

Non-competitive bids were also received for both securities, amounting to ₹16.95 crore for the 2031 bond and ₹35.24 crore for the 2066 bond. All non-competitive bids were fully accepted. Notably, there was no devolvement on primary dealers, as underwriting commitments were fully met.

This auction is part of the government’s regular borrowing program to finance its fiscal operations. The results highlight strong investor interest, particularly in the long-term 2066 bond, where 92.76% of competitive bids were accepted.

The weighted average yields for the 2031 and 2066 securities were 6.4905% and 7.6273%, respectively. These figures provide insights into market sentiment and borrowing costs for the government.

Source: Reserve Bank of India press release, Fri, 12 Jun 2026 16:00:00. http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62920