Government Bond Auction Results 6.68% GS 2040 and 7.43% GS 2076
Summary
The Reserve Bank of India published full auction results for two government stock tranches: ₹17,000 crore of 6.68% GS 2040 and ₹12,000 crore of 7.43% GS 2076. Both auctions achieved 99.92% and 99.88% of notified amounts respectively. The 6.68% GS 2040 attracted 240 competitive bids totaling ₹32,591.30 crore with a cut-off yield of 7.5303%, while the 7.43% GS 2076 received 120 bids worth ₹26,999 crore at a cut-off yield of 7.8812%.
What changed
The RBI released auction results for two government securities on April 2, 2026. The 6.68% GS 2040 (maturing 2040) had a notified amount of ₹17,000 crore with 240 competitive bids received and 139 accepted. The 7.43% GS 2076 (maturing 2076) had a notified amount of ₹12,000 crore with 120 competitive bids received and 36 accepted. Partial allotment percentages were 73.4956% for the 2040 tranche and 27.1360% for the 2076 tranche. Non-competitive bids totaled ₹13.994 crore and ₹14.465 crore respectively, with full acceptance of both. No devolvement occurred on primary dealers for either tranche.\n\nThis is an informational notice publishing completed auction outcomes. Primary dealers and market participants should note the realized yields and bid patterns for secondary market pricing reference. No compliance actions or regulatory responses are required from this publication.
Source document (simplified)
Press Releases
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| Date : Apr 02, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Government Stock - Full Auction Results | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | \| (Amount in ₹ Crore) \| \| \| \|
\| Auction Results \| \| 6.68% GS 2040 \| 7.43% GS 2076 \|
\| I. \| Notified Amount \| 17,000 \| 12,000 \|
\| II. \| Competitive Bids Received \| \| \|
\| (i) Number \| 240 \| 120 \| \|
\| (ii) Amount \| 32,591.300 \| 26,999.000 \| \|
\| III. \| Cut-off price / Yield \| 92.63 \| 94.38 \|
\| (YTM: 7.5303%) \| (YTM: 7.8812%) \| \| \|
\| IV. \| Competitive Bids Accepted \| \| \|
\| (i) Number \| 139 \| 36 \| \|
\| (ii) Amount \| 16,986.006 \| 11,985.535 \| \|
\| V. \| Partial Allotment Percentage of Competitive Bids \| 73.4956% \| 27.1360% \|
\| (4 bids) \| (2 bids) \| \| \|
\| VI. \| Weighted Average Price/Yield \| 92.76 \| 94.49 \|
\| (WAY: 7.5145%) \| (WAY: 7.8718%) \| \| \|
\| VII. \| Non-Competitive Bids Received \| \| \|
\| (i) Number \| 6 \| 5 \| \|
\| (ii) Amount \| 13.994 \| 14.465 \| \|
\| VIII. \| Non-Competitive Bids Accepted \| \| \|
\| (i) Number \| 6 \| 5 \| \|
\| (ii) Amount \| 13.994 \| 14.465 \| \|
\| (iii) Partial Allotment Percentage \| \| \| \|
\| IX. \| Underwriting Notified Amount \| 17,000 \| 12,000 \|
\| X. \| Amount of Underwriting accepted from primary dealers \| 17,000 \| 12,000 \|
\| XI. \| Devolvement on Primary Dealers \| NIL \| NIL \|
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/13 | (Amount in ₹ Crore) | | | | Auction Results | | 6.68% GS 2040 | 7.43% GS 2076 | I. | Notified Amount | 17,000 | 12,000 | II. | Competitive Bids Received | | | (i) Number | 240 | 120 | (ii) Amount | 32,591.300 | 26,999.000 | III. | Cut-off price / Yield | 92.63 | 94.38 | (YTM: 7.5303%) | (YTM: 7.8812%) | IV. | Competitive Bids Accepted | | | (i) Number | 139 | 36 | (ii) Amount | 16,986.006 | 11,985.535 | V. | Partial Allotment Percentage of Competitive Bids | 73.4956% | 27.1360% | (4 bids) | (2 bids) | VI. | Weighted Average Price/Yield | 92.76 | 94.49 | (WAY: 7.5145%) | (WAY: 7.8718%) | VII. | Non-Competitive Bids Received | | | (i) Number | 6 | 5 | (ii) Amount | 13.994 | 14.465 | VIII. | Non-Competitive Bids Accepted | | | (i) Number | 6 | 5 | (ii) Amount | 13.994 | 14.465 | (iii) Partial Allotment Percentage | | | IX. | Underwriting Notified Amount | 17,000 | 12,000 | X. | Amount of Underwriting accepted from primary dealers | 17,000 | 12,000 | XI. | Devolvement on Primary Dealers | NIL | NIL |
| (Amount in ₹ Crore) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Auction Results | | 6.68% GS 2040 | 7.43% GS 2076 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| I. | Notified Amount | 17,000 | 12,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| II. | Competitive Bids Received | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 240 | 120 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 32,591.300 | 26,999.000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| III. | Cut-off price / Yield | 92.63 | 94.38 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (YTM: 7.5303%) | (YTM: 7.8812%) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| IV. | Competitive Bids Accepted | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 139 | 36 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 16,986.006 | 11,985.535 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| V. | Partial Allotment Percentage of Competitive Bids | 73.4956% | 27.1360% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (4 bids) | (2 bids) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VI. | Weighted Average Price/Yield | 92.76 | 94.49 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (WAY: 7.5145%) | (WAY: 7.8718%) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VII. | Non-Competitive Bids Received | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 6 | 5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 13.994 | 14.465 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VIII. | Non-Competitive Bids Accepted | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 6 | 5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 13.994 | 14.465 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (iii) Partial Allotment Percentage | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| IX. | Underwriting Notified Amount | 17,000 | 12,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| X. | Amount of Underwriting accepted from primary dealers | 17,000 | 12,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| XI. | Devolvement on Primary Dealers | NIL | NIL | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amount in ₹ Crore) | | | |
| Auction Results | | 6.68% GS 2040 | 7.43% GS 2076 |
| I. | Notified Amount | 17,000 | 12,000 |
| II. | Competitive Bids Received | | |
| (i) Number | 240 | 120 | |
| (ii) Amount | 32,591.300 | 26,999.000 | |
| III. | Cut-off price / Yield | 92.63 | 94.38 |
| (YTM: 7.5303%) | (YTM: 7.8812%) | | |
| IV. | Competitive Bids Accepted | | |
| (i) Number | 139 | 36 | |
| (ii) Amount | 16,986.006 | 11,985.535 | |
| V. | Partial Allotment Percentage of Competitive Bids | 73.4956% | 27.1360% |
| (4 bids) | (2 bids) | | |
| VI. | Weighted Average Price/Yield | 92.76 | 94.49 |
| (WAY: 7.5145%) | (WAY: 7.8718%) | | |
| VII. | Non-Competitive Bids Received | | |
| (i) Number | 6 | 5 | |
| (ii) Amount | 13.994 | 14.465 | |
| VIII. | Non-Competitive Bids Accepted | | |
| (i) Number | 6 | 5 | |
| (ii) Amount | 13.994 | 14.465 | |
| (iii) Partial Allotment Percentage | | | |
| IX. | Underwriting Notified Amount | 17,000 | 12,000 |
| X. | Amount of Underwriting accepted from primary dealers | 17,000 | 12,000 |
| XI. | Devolvement on Primary Dealers | NIL | NIL |
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/13 | (Amount in ₹ Crore) | | | | Auction Results | | 6.68% GS 2040 | 7.43% GS 2076 | I. | Notified Amount | 17,000 | 12,000 | II. | Competitive Bids Received | | | (i) Number | 240 | 120 | (ii) Amount | 32,591.300 | 26,999.000 | III. | Cut-off price / Yield | 92.63 | 94.38 | (YTM: 7.5303%) | (YTM: 7.8812%) | IV. | Competitive Bids Accepted | | | (i) Number | 139 | 36 | (ii) Amount | 16,986.006 | 11,985.535 | V. | Partial Allotment Percentage of Competitive Bids | 73.4956% | 27.1360% | (4 bids) | (2 bids) | VI. | Weighted Average Price/Yield | 92.76 | 94.49 | (WAY: 7.5145%) | (WAY: 7.8718%) | VII. | Non-Competitive Bids Received | | | (i) Number | 6 | 5 | (ii) Amount | 13.994 | 14.465 | VIII. | Non-Competitive Bids Accepted | | | (i) Number | 6 | 5 | (ii) Amount | 13.994 | 14.465 | (iii) Partial Allotment Percentage | | | IX. | Underwriting Notified Amount | 17,000 | 12,000 | X. | Amount of Underwriting accepted from primary dealers | 17,000 | 12,000 | XI. | Devolvement on Primary Dealers | NIL | NIL |
| | (Amount in ₹ Crore) | | | |
| Auction Results | | 6.68% GS 2040 | 7.43% GS 2076 |
| I. | Notified Amount | 17,000 | 12,000 |
| II. | Competitive Bids Received | | |
| (i) Number | 240 | 120 | |
| (ii) Amount | 32,591.300 | 26,999.000 | |
| III. | Cut-off price / Yield | 92.63 | 94.38 |
| (YTM: 7.5303%) | (YTM: 7.8812%) | | |
| IV. | Competitive Bids Accepted | | |
| (i) Number | 139 | 36 | |
| (ii) Amount | 16,986.006 | 11,985.535 | |
| V. | Partial Allotment Percentage of Competitive Bids | 73.4956% | 27.1360% |
| (4 bids) | (2 bids) | | |
| VI. | Weighted Average Price/Yield | 92.76 | 94.49 |
| (WAY: 7.5145%) | (WAY: 7.8718%) | | |
| VII. | Non-Competitive Bids Received | | |
| (i) Number | 6 | 5 | |
| (ii) Amount | 13.994 | 14.465 | |
| VIII. | Non-Competitive Bids Accepted | | |
| (i) Number | 6 | 5 | |
| (ii) Amount | 13.994 | 14.465 | |
| (iii) Partial Allotment Percentage | | | |
| IX. | Underwriting Notified Amount | 17,000 | 12,000 |
| X. | Amount of Underwriting accepted from primary dealers | 17,000 | 12,000 |
| XI. | Devolvement on Primary Dealers | NIL | NIL |
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/13 | (Amount in ₹ Crore) | | | | Auction Results | | 6.68% GS 2040 | 7.43% GS 2076 | I. | Notified Amount | 17,000 | 12,000 | II. | Competitive Bids Received | | | (i) Number | 240 | 120 | (ii) Amount | 32,591.300 | 26,999.000 | III. | Cut-off price / Yield | 92.63 | 94.38 | (YTM: 7.5303%) | (YTM: 7.8812%) | IV. | Competitive Bids Accepted | | | (i) Number | 139 | 36 | (ii) Amount | 16,986.006 | 11,985.535 | V. | Partial Allotment Percentage of Competitive Bids | 73.4956% | 27.1360% | (4 bids) | (2 bids) | VI. | Weighted Average Price/Yield | 92.76 | 94.49 | (WAY: 7.5145%) | (WAY: 7.8718%) | VII. | Non-Competitive Bids Received | | | (i) Number | 6 | 5 | (ii) Amount | 13.994 | 14.465 | VIII. | Non-Competitive Bids Accepted | | | (i) Number | 6 | 5 | (ii) Amount | 13.994 | 14.465 | (iii) Partial Allotment Percentage | | | IX. | Underwriting Notified Amount | 17,000 | 12,000 | X. | Amount of Underwriting accepted from primary dealers | 17,000 | 12,000 | XI. | Devolvement on Primary Dealers | NIL | NIL | |
| (Amount in ₹ Crore) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Auction Results | | 6.68% GS 2040 | 7.43% GS 2076 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| I. | Notified Amount | 17,000 | 12,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| II. | Competitive Bids Received | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 240 | 120 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 32,591.300 | 26,999.000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| III. | Cut-off price / Yield | 92.63 | 94.38 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (YTM: 7.5303%) | (YTM: 7.8812%) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| IV. | Competitive Bids Accepted | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 139 | 36 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 16,986.006 | 11,985.535 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| V. | Partial Allotment Percentage of Competitive Bids | 73.4956% | 27.1360% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (4 bids) | (2 bids) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VI. | Weighted Average Price/Yield | 92.76 | 94.49 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (WAY: 7.5145%) | (WAY: 7.8718%) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VII. | Non-Competitive Bids Received | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 6 | 5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 13.994 | 14.465 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| VIII. | Non-Competitive Bids Accepted | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (i) Number | 6 | 5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (ii) Amount | 13.994 | 14.465 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (iii) Partial Allotment Percentage | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| IX. | Underwriting Notified Amount | 17,000 | 12,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| X. | Amount of Underwriting accepted from primary dealers | 17,000 | 12,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| XI. | Devolvement on Primary Dealers | NIL | NIL | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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