Changeflow GovPing Banking & Finance ₹42,010 Crore GS Auction Results: 6.03% GS 2029...
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₹42,010 Crore GS Auction Results: 6.03% GS 2029, 6.68% GS 2033, 7.24% GS 2055, New GOI SGrB 2056

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Summary

The Reserve Bank of India conducted a full auction of four government securities on April 24, 2026, with a combined notified amount of ₹42,010 crore. The auction attracted competitive bids totaling ₹84,380.265 crore against the notified amount, with partial allotment percentages ranging from 1.7062% for the 6.03% GS 2029 to 98.9692% for the new GOI SGrB 2056. All underwriting obligations devolved to primary dealers with NIL amounts, indicating full market participation without requiring dealer support.

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The Reserve Bank of India is India's central bank. Its press release page is the official channel for monetary policy decisions, banking supervision actions, financial stability reports, FDI data, and the daily money market operations log. GovPing tracks every release as it appears, around 200 a month. Watch this if you cover Indian banking, manage exposure to the rupee, advise on Indian financial regulation, or run payments or fintech in South Asia. Recent examples: an RBI MPC decision holding the repo rate at 5.25% with GDP and inflation projections, financial data on 3,100 FDI companies in India 2024-25, the daily money market operations log.

What changed

The Reserve Bank of India published complete auction results for four Government of India securities across two traditional gilt tranches and two longer-duration tranches including a new Sovereign Green Bond. The auction results show total competitive bids of ₹84,380.265 crore against a combined notified amount of ₹42,010 crore, with yields ranging from 6.2662% (6.03% GS 2029) to 7.5628% (7.24% GS 2055). Partial allotment percentages indicate varying demand levels across maturities, with the shortest-dated security (6.03% GS 2029) attracting 1.7062% partial allotment while the new GOI SGrB 2056 required 98.9692% partial allotment.\n\nMarket participants, primary dealers, and investors monitoring Indian government securities can use these results to assess current yield curve positioning, demand patterns across conventional versus green bonds, and market appetite for long-duration debt. The NIL devolvement on primary dealers across all four securities indicates balanced supply-demand dynamics without requiring forced absorption by the dealer community.

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Apr 25, 2026

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Press Releases

| () |
| Date : Apr 24, 2026 |
| Government Stock - Full Auction Results |
| | (Amount in ₹ Crore) |
| Auction Results | | 6.03% GS 2029 | 6.68% GS 2033 | 7.24% GS 2055 | New GOI SGrB 2056 |
| I. | Notified Amount | 11,000 | 11,000 | 5,000 | 5,000 |
| II. | Competitive Bids Received |
| (i)  Number | 70 | 206 | 171 | 85 | |
| (ii) Amount | 17,597.150 | 34,543.115 | 19,710.000 | 12,530.000 | |
| III. | Cut-off price / Yield | 99.30 | 98.55 | 96.20 | 100.00 |
| (YTM: 6.3065%) | (YTM: 6.9501%) | (YTM: 7.5628%) | (YTM: 7.5000%) |
| IV. | Competitive Bids Accepted |
| (i)  Number | 48 | 81 | 12 | 22 | |
| (ii) Amount | 10,994.161 | 10,986.563 | 4,978.249 | 4,995.934 | |
| V. | Partial Allotment Percentage of Competitive Bids | 1.7062% | 6.2505% | 71.9850% | 98.9692% |
| (4 bids) | (13 bids) | (6 bids) | (9 bids) |
| VI. | Weighted Average Price/Yield | 99.40 | 98.59 | 96.23 | 100.04 |
| (WAY: 6.2662%) | (WAY: 6.9425%) | (WAY: 7.5602%) | (WAY: 7.4964%) |
| VII. | Non-Competitive Bids Received |
| (i)  Number | 5 | 7 | 8 | 3 | |
| (ii) Amount | 5.839 | 13.437 | 21.751 | 4.066 | |
| VIII. | Non-Competitive Bids Accepted |
| (i)   Number | 5 | 7 | 8 | 3 | |
| (ii)  Amount | 5.839 | 13.437 | 21.751 | 4.066 | |
| (iii) Partial Allotment Percentage |
| IX. | Underwriting Notified Amount | 11,000 | 11,000 | 5,000 | 5,000 |
| X. | Amount of Underwriting accepted from primary dealers | 11,000 | 11,000 | 5,000 | 5,000 |
| XI. | Devolvement on Primary Dealers | NIL | NIL | NIL | NIL |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/136 | (Amount in ₹ Crore) | Auction Results | | 6.03% GS 2029 | 6.68% GS 2033 | 7.24% GS 2055 | New GOI SGrB 2056 | I. | Notified Amount | 11,000 | 11,000 | 5,000 | 5,000 | II. | Competitive Bids Received | (i)  Number | 70 | 206 | 171 | 85 | (ii) Amount | 17,597.150 | 34,543.115 | 19,710.000 | 12,530.000 | III. | Cut-off price / Yield | 99.30 | 98.55 | 96.20 | 100.00 | (YTM: 6.3065%) | (YTM: 6.9501%) | (YTM: 7.5628%) | (YTM: 7.5000%) | IV. | Competitive Bids Accepted | (i)  Number | 48 | 81 | 12 | 22 | (ii) Amount | 10,994.161 | 10,986.563 | 4,978.249 | 4,995.934 | V. | Partial Allotment Percentage of Competitive Bids | 1.7062% | 6.2505% | 71.9850% | 98.9692% | (4 bids) | (13 bids) | (6 bids) | (9 bids) | VI. | Weighted Average Price/Yield | 99.40 | 98.59 | 96.23 | 100.04 | (WAY: 6.2662%) | (WAY: 6.9425%) | (WAY: 7.5602%) | (WAY: 7.4964%) | VII. | Non-Competitive Bids Received | (i)  Number | 5 | 7 | 8 | 3 | (ii) Amount | 5.839 | 13.437 | 21.751 | 4.066 | VIII. | Non-Competitive Bids Accepted | (i)   Number | 5 | 7 | 8 | 3 | (ii)  Amount | 5.839 | 13.437 | 21.751 | 4.066 | (iii) Partial Allotment Percentage | IX. | Underwriting Notified Amount | 11,000 | 11,000 | 5,000 | 5,000 | X. | Amount of Underwriting accepted from primary dealers | 11,000 | 11,000 | 5,000 | 5,000 | XI. | Devolvement on Primary Dealers | NIL | NIL | NIL | NIL |
| (Amount in ₹ Crore) |
| II. | Competitive Bids Received |
| (i)  Number | 70 | 206 | 171 | 85 |
| (ii) Amount | 17,597.150 | 34,543.115 | 19,710.000 | 12,530.000 |
| IV. | Competitive Bids Accepted |
| (i)  Number | 48 | 81 | 12 | 22 |
| (ii) Amount | 10,994.161 | 10,986.563 | 4,978.249 | 4,995.934 |
| (4 bids) | (13 bids) | (6 bids) | (9 bids) |
| VII. | Non-Competitive Bids Received |
| (i)  Number | 5 | 7 | 8 | 3 |
| (ii) Amount | 5.839 | 13.437 | 21.751 | 4.066 |
| VIII. | Non-Competitive Bids Accepted |
| (i)   Number | 5 | 7 | 8 | 3 |
| (ii)  Amount | 5.839 | 13.437 | 21.751 | 4.066 |
| (iii) Partial Allotment Percentage |

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Classification

Agency
RBI
Published
April 24th, 2026
Instrument
Notice
Branch
Executive
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
Press Release: 2026-2027/136

Who this affects

Applies to
Banks
Industry sector
9211 Government & Public Administration
Activity scope
Government securities auction Primary dealer operations Sovereign bond issuance
Geographic scope
IN IN

Taxonomy

Primary area
Banking
Operational domain
Finance
Topics
Securities Government Contracting

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