RBI announces auction results for government securities cut-off

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

According to the RBI, the cut-off price for the 6.36% GS 2031 was ₹99.43, translating to an implicit yield of 6.5006%. For the 7.71% GS 2066, the cut-off price was ₹100.93, with an implicit yield of 7.6345%. Both securities saw full acceptance of their notified amounts, with ₹21,000 crore and ₹11,000 crore raised as planned.

Notably, there was no devolvement on primary dealers in this auction. Devolvement occurs when primary dealers are required to purchase unsold securities, indicating strong demand in this case.

Government securities, or G-Secs, are debt instruments issued by the government to finance its fiscal deficit. Auctions like these are a routine part of managing public debt and ensuring liquidity in the market.

The results reflect stable investor interest in long-term government bonds, which are considered low-risk investments. These auctions are crucial for funding government expenditures and maintaining economic stability.

Source: Reserve Bank of India press release, Fri, 12 Jun 2026 12:55:00. http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62919