The RBI published full auction results for the 6.94% Government Stock 2036, with ₹34,000 crore notified and ₹33,960.71 crore allotted. Competitive bids received totaled ₹94,072.12 crore across 400 bids, with a cut-off yield of 7.3955%.
RBI Releases Full Auction Results for 6.94% GS 2036
The Reserve Bank of India has released detailed results of the re-issuance auction for 6.94% Government Stock (GS) 2036. The notified amount was ₹34,000 crore. The auction attracted competitive bids amounting to ₹94,072.116 crore across 400 bids.
Ultimately, ₹33,960.709 crore was accepted through competitive bidding, with a cut-off price of ₹96.91, translating to a yield to maturity (YTM) of 7.3955%. A total of 113 bids were accepted competitively. The auction also included non-competitive bids, though details were not included in the release.
This long-term government security is part of India’s market borrowing program for FY2027. The strong bid-to-cover ratio (~2.77) indicates robust investor confidence in sovereign instruments despite rising duration risk. The outcome is crucial for institutional investors and bond market analysts tracking yield trends and fiscal sustainability.
