On November 07, 2025, the Reserve Bank of India released the full auction results for Government Stock, specifically the 6.48% GS 2035. The notified amount was ₹32,000 Crore. There were 406 competitive bids received, totaling ₹73,863.157 Crore. The cut-off price/yield was 99.98 (YTM: 6.4817%). 194 competitive bids were accepted, amounting to ₹31,981.345 Crore. The partial allotment percentage of competitive bids was 69.2636% (42 bids). The weighted average price/yield was 100.01 (WAY: 6.4775%). There were 6 non-competitive bids received, totaling ₹18.655 Crore, all of which were accepted. The underwriting notified amount was ₹32,000 Crore, and the amount of underwriting accepted from primary dealers was ₹32,000 Crore. There was NIL devolvement on primary dealers. For further information, contact Ajit Prasad, Deputy General Manager (Communications). Press Release: 2025-2026/1461. The Reserve bank of India can be contacted through their website: www.rbi.org.in or helpdoc@rbi.org.in by email.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
6.48% GS 2035: The specific government stock that was auctioned, maturing in 2035, with a coupon rate of 6.48%.
Government Stock: General term for bonds issued by the government.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय �रज़व र् बकैं
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार �वभाग, केंद्र�य कायार्लय, शह�द भगत �सहं माग,र् फोटर्, मुंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मले /email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
November 07, 2025
Government Stock - Full Auction Results
(Amount in ₹ Crore)
Auction Results 6.48% GS 2035
I. Notified Amount 32,000
II. Competitive Bids Received
(i) Number 406
(ii) Amount 73,863.157
III. Cut-off price / Yield 99.98
(YTM: 6.4817%)
IV. Competitive Bids Accepted
(i) Number 194
(ii) Amount 31,981.345
V. Partial Allotment Percentage of Competitive Bids 69.2636%
(42 bids)
VI. Weighted Average Price/Yield 100.01
(WAY: 6.4775%)
VII. Non-Competitive Bids Received
(i) Number 6
(ii) Amount 18.655
VIII. Non-Competitive Bids Accepted
(i) Number 6
(ii) Amount 18.655
(iii) Partial Allotment Percentage
IX. Underwriting Notified Amount 32,000
X. Amount of Underwriting accepted from primary 32,000
dealers
XI. Devolvement on Primary Dealers NIL
Ajit Prasad
Press Release: 2025-2026/1461 Deputy General Manager
(Communications)