The RBI has published complete results of the auction for 6.53% GS 2031 and 7.71% GS 2066, with competitive bids exceeding notified amounts. Cut-off yields were 7.3589% and 7.9339% respectively.
Full Results of Government Stock Auction
The Reserve Bank of India has released detailed results of the auction for two floating-rate government securities: 6.53% GS 2031 and 7.71% GS 2066. The notified amounts were ₹19,000 crore and ₹14,000 crore respectively.
Competitive bids received totaled ₹33,343.80 crore for GS 2031 and ₹29,157.00 crore for GS 2066, substantially oversubscribed. The cut-off prices were ₹96.65 (yield 7.3589%) and ₹97.30 (yield 7.9339%) respectively. The total accepted amount matched the notified sum in both cases.
Critically, there was no devolvement on primary dealers, indicating strong investor appetite. This reflects confidence in government securities amid stable inflation expectations and continued demand from institutional investors such as insurance and pension funds.
