Government Stock Auction: Cut-off Yields Announced
Cut-off yields for 6.53% GS 2031 and 7.71% GS 2066 set at 7.3589% and 7.9339% respectively. No devolvement occurred, signaling robust demand in the government securities market.
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Cut-off yields for 6.53% GS 2031 and 7.71% GS 2066 set at 7.3589% and 7.9339% respectively. No devolvement occurred, signaling robust demand in the government securities market.
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.
The RBI will auction ₹8,000 crore each of 91-day, 182-day, and 364-day Treasury Bills on October 28, 2026, with settlement on October 29, 2026. These auctions are part of the government's market borrowing program.
Several state governments, including Assam and Bihar, will auction a total of ₹23,300 crore in securities through yield-based auctions. Tenors range from 9 to 20 years, with the proceeds aimed at meeting fiscal requirements.
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On October 22, 2026, the RBI conducted an overnight VRR auction, allotting ₹50,006 crore at a cut-off rate of 5.54%. Total bids received amounted to ₹1.62 lakh crore, with partial allotment at cut-off rate at 3.2%.
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