On November 28, 2025, the Reserve Bank of India released the full auction results for government stock. The notified amount for 5.91% GS 2028 was ₹9,000 crore, with 81 competitive bids received totaling ₹27,705.000 crore. The cut-off yield was 5.7808%, and ₹8,991.667 crore was accepted across 13 bids, representing 30.9524% of competitive bids. The weighted average yield was 5.7723%. Four non-competitive bids were received and accepted for ₹8.333 crore. The notified amount for underwriting was ₹9,000 crore, which was also the amount accepted from primary dealers. There was no devolvement on primary dealers.
For 6.28% GS 2032, the notified amount was ₹11,000 crore, with 192 competitive bids received for ₹31,172.000 crore. The cut-off yield was 6.4343%, and ₹10,984.876 crore was accepted across 61 bids, representing 86.4813% of competitive bids. The weighted average yield was 6.4286%. Six non-competitive bids were received and accepted for ₹15.124 crore. The notified amount for underwriting was ₹11,000 crore, which was also the amount accepted from primary dealers. There was no devolvement on primary dealers.
For 7.24% GS 2055, the notified amount was ₹7,000 crore, with 166 competitive bids received for ₹15,254.450 crore. The cut-off yield was 7.2875%, and ₹6,970.955 crore was accepted across 91 bids, representing 92.2318% of competitive bids. The weighted average yield was 7.2800%. Seven non-competitive bids were received and accepted for ₹29.045 crore. The notified amount for underwriting was ₹7,000 crore, which was also the amount accepted from primary dealers. There was no devolvement on primary dealers.
For 6.98% GOI SGrB 2054, the notified amount was ₹5,000 crore, with 61 competitive bids received for ₹11,404.999 crore. The cut-off yield was 7.2094%, and ₹4,996.992 crore was accepted across 1 bid, representing 99.9398% of competitive bids. The weighted average yield was 7.2094%. Three non-competitive bids were received and accepted for ₹3.008 crore. The notified amount for underwriting was ₹5,000 crore, which was also the amount accepted from primary dealers. There was no devolvement on primary dealers.
For further information, contact Ajit Prasad, Deputy General Manager (Communications). Press Release number: 2025-2026/1579.
Key Entities Referenced
Reserve Bank of India: Central bank of India, responsible for monetary policy and regulation of the banking system.
Government Stock: Refers to debt securities issued by the government.
Primary Dealers: Financial institutions authorized to participate in government securities auctions.