On September 26, 2025, the Reserve Bank of India released the results of the full auction for Government Stock. The notified amount for both the 6.68% GS 2040 and the 6.90% GS 2065 was ₹16,000 Crore.
For the 6.68% GS 2040:
* Competitive bids received: 245 (Number), ₹40,050.000 Crore (Amount).
* Cut-off price/Yield: 98.50 (YTM: 6.8414%).
* Competitive bids accepted: 71 (Number), ₹15,981.548 Crore (Amount).
* Partial allotment percentage: 49.6360% (15 bids).
* Weighted average price/yield: 98.52 (WAY: 6.8392%).
* Non-competitive bids received: 9 (Number), ₹18.452 Crore (Amount).
* Non-competitive bids accepted: 9 (Number), ₹18.452 Crore (Amount).
* Underwriting notified amount: ₹16,000 Crore.
* Amount of underwriting accepted from primary dealers: ₹16,000 Crore.
* Devolvement on primary dealers: NIL.
For the 6.90% GS 2065:
* Competitive bids received: 259 (Number), ₹43,834.352 Crore (Amount).
* Cut-off price/Yield: 95.60 (YTM: 7.2385%).
* Competitive bids accepted: 31 (Number), ₹15,978.178 Crore (Amount).
* Partial allotment percentage: 81.7809% (12 bids).
* Weighted average price/yield: 95.64 (WAY: 7.2353%).
* Non-competitive bids received: 7 (Number), ₹21.822 Crore (Amount).
* Non-competitive bids accepted: 7 (Number), ₹21.822 Crore (Amount).
* Underwriting notified amount: ₹16,000 Crore.
* Amount of underwriting accepted from primary dealers: ₹16,000 Crore.
* Devolvement on primary dealers: NIL.
The press release number is 2025-2026/1178. Ajit Prasad, Deputy General Manager (Communications), is the contact person. The Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 can be contacted at 022 - 2266 0502. The websites are www.rbi.org.in/hindi and www.rbi.org.in. The email is helpdoc@rbi.org.in.
Key Entities Referenced
Reserve Bank of India: Central bank that regulates the monetary policy of India and conducts auctions for government stock.
Government Stock: Debt securities issued by the government; the primary subject of the auction results.
6.68% GS 2040: A specific Government Stock maturing in 2040 with a coupon rate of 6.68% that was part of the auction.
6.90% GS 2065: A specific Government Stock maturing in 2065 with a coupon rate of 6.90% that was part of the auction.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
September 26, 2025
Government Stock - Full Auction Results
(Amount in ₹ Crore)
Auction Results 6.68% GS 2040 6.90% GS 2065
I. Notified Amount 16,000 16,000
Competitive Bids Received
II. (i) Number 245 259
(ii) Amount 40,050.000 43,834.352
98.50 95.60
III. Cut-off price / Yield
(YTM: 6.8414%) (YTM: 7.2385%)
Competitive Bids Accepted
IV. (i) Number 71 31
(ii) Amount 15,981.548 15,978.178
Partial Allotment Percentage of 49.6360% 81.7809%
V.
Competitive Bids (15 bids) (12 bids)
98.52 95.64
VI. Weighted Average Price/Yield
(WAY: 6.8392%) (WAY: 7.2353%)
Non-Competitive Bids Received
VII. (i) Number 9 7
(ii) Amount 18.452 21.822
Non-Competitive Bids Accepted
(i) Number 9 7
VIII.
(ii) Amount 18.452 21.822
(iii) Partial Allotment Percentage
IX. Underwriting Notified Amount 16,000 16,000
Amount of Underwriting accepted
X. 16,000 16,000
from primary dealers
XI. Devolvement on Primary Dealers NIL NIL
Ajit Prasad
Press Release: 2025-2026/1178 Deputy General Manager
(Communications)