**Summary:**
On August 22, 2025, the Reserve Bank of India (RBI) released the results of a full auction for government stocks. The auction included 5.91 GS 2028 and 6.33 GS 2035.
For the 5.91 GS 2028, the notified amount was ₹6,000 crore. The RBI received 83 competitive bids totaling ₹21,922.000 crore, accepting 4 bids amounting to ₹5,998.280 crore at a cutoff yield of 6.0032% (price: ₹99.75). Partial allotment percentage was 99.9140%. The weighted average yield (WAY) was 5.9994%. Non-competitive bids received and accepted numbered 3, totaling ₹1.720 crore. The underwriting amount accepted from primary dealers was ₹6,000 crore, with no devolvement on primary dealers.
For the 6.33 GS 2035, the notified amount was ₹30,000 crore. The RBI received 400 competitive bids totaling ₹70,397.283 crore, accepting 143 bids amounting to ₹29,979.310 crore at a cutoff yield of 6.5553% (price: ₹98.39). Partial allotment percentage was 58.2298%. The weighted average yield (WAY) was 6.5496%. Non-competitive bids received and accepted numbered 8, totaling ₹20.690 crore. The underwriting amount accepted from primary dealers was ₹30,000 crore, with no devolvement on primary dealers.
For further information, contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001, at phone number 022-2266 0502 or email helpdoc@rbi.org.in. The RBI's website is www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Mumbai, Maharashtra: The city where the Central Office of the Reserve Bank of India's Department of Communication is located.
Government Stock: Refers to debt instruments issued by the government.
5.91 GS 2028: A specific Government Stock with a coupon rate of 5.91% and maturing in 2028.
6.33 GS 2035: A specific Government Stock with a coupon rate of 6.33% and maturing in 2035.
Primary Dealers: Financial institutions authorized to deal directly with a government to buy and sell government securities.
Ajit Prasad: Deputy General Manager in the Department of Communication at Reserve Bank of India.