On November 28, 2025, the Reserve Bank of India released the full auction results for government stock. The notified amounts, in Crore, were as follows: 9,000 for 5.91% GS 2028, 11,000 for 6.28% GS 2032, 7,000 for 7.24% GS 2055, and 5,000 for 6.98% GOI SGrB 2054.
Competitive bids received were: 81 bids totaling 27,705.000 for 5.91% GS 2028, 192 bids totaling 31,172.000 for 6.28% GS 2032, 166 bids totaling 15,254.450 for 7.24% GS 2055, and 61 bids totaling 11,404.999 for 6.98% GOI SGrB 2054.
The cut-off price/yield was 100.30 (YTM: 5.7808%) for 5.91% GS 2028, 99.17 (YTM: 6.4343%) for 6.28% GS 2032, 99.41 (YTM: 7.2875%) for 7.24% GS 2055, and 97.22 (YTM: 7.2094%) for 6.98% GOI SGrB 2054.
Competitive bids accepted were: 13 bids totaling 8,991.667 with a partial allotment of 30.9524% (2 bids) for 5.91% GS 2028, 61 bids totaling 10,984.876 with a partial allotment of 86.4813% (21 bids) for 6.28% GS 2032, 91 bids totaling 6,970.955 with a partial allotment of 92.2318% (3 bids) for 7.24% GS 2055, and 1 bid totaling 4,996.992 with a partial allotment of 99.9398% (1 bid) for 6.98% GOI SGrB 2054.
The weighted average price/yield was 100.32 (WAY: 5.7723%) for 5.91% GS 2028, 99.20 (WAY: 6.4286%) for 6.28% GS 2032, 99.50 (WAY: 7.2800%) for 7.24% GS 2055, and 97.22 (WAY: 7.2094%) for 6.98% GOI SGrB 2054.
Non-competitive bids received were: 4 bids totaling 8.333 for 5.91% GS 2028, 6 bids totaling 15.124 for 6.28% GS 2032, 7 bids totaling 29.045 for 7.24% GS 2055, and 3 bids totaling 3.008 for 6.98% GOI SGrB 2054. Non-competitive bids accepted were the same as received.
The notified amount of underwriting was 9,000 for 5.91% GS 2028, 11,000 for 6.28% GS 2032, 7,000 for 7.24% GS 2055, and 5,000 for 6.98% GOI SGrB 2054, all of which was accepted from primary dealers. There was no devolvement on primary dealers for any of the securities.
For further information, contact Ajit Prasad, Deputy General Manager (Communications). The press release number is 2025-2026/1579.
Key Entities Referenced
Reserve Bank of India: India's central bank; likely responsible for issuing and auctioning the government stock.
Government Stock: The primary subject of the press release, detailing full auction results.