**Summary:**
On September 04, 2025, the Reserve Bank of India (RBI) released the results of a full auction of Government Stocks (GS). The auction included two securities: the 6.28 GS 2032 and the 7.09 GS 2074.
For the 6.28 GS 2032, the notified amount was ₹11,000 crore. The RBI received 174 competitive bids totaling ₹26,398.500 crore, accepting 75 bids amounting to ₹10,985.863 crore. The cutoff yield was 6.5497%, with a corresponding cutoff price of 98.52. The weighted average yield (WAY) was 6.5423. Non-competitive bids received and accepted amounted to ₹14.137 crore across 6 bids. Underwriting for the notified amount of ₹11,000 crore was accepted from primary dealers, with no devolvement on primary dealers.
For the 7.09 GS 2074, the notified amount was ₹14,000 crore. The RBI received 247 competitive bids totaling ₹39,425.000 crore, accepting 89 bids amounting to ₹13,955.519 crore. The cutoff yield was 7.3844%, with a corresponding cutoff price of 96.11. The weighted average yield (WAY) was 7.3765. Non-competitive bids received and accepted amounted to ₹44.481 crore across 6 bids. Underwriting for the notified amount of ₹14,000 crore was accepted from primary dealers, with no devolvement on primary dealers.
For further information, contact the Department of Communication, Central Office, Reserve Bank of India, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. Phone: 022 2266 0502. Email: helpdoc@rbi.org.in. Website: 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: City in India where the Department of Communication, Central Office of Reserve Bank of India is located.
6.28 GS 2032: Government Stock maturing in 2032 with a coupon rate of 6.28%.
7.09 GS 2074: Government Stock maturing in 2074 with a coupon rate of 7.09%.
Ajit Prasad: Deputy General Manager, Communications at Reserve Bank of India.
Primary Dealers: Financial institutions authorized to underwrite and trade in government securities.
Government Stock: Refers to debt instruments issued by the government.
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 04, 2025
Government Stock - Full Auction Results
(Amount in ₹ Crore)
Auction Results 6.28% GS 2032 7.09% GS 2074
I. Notified Amount 11,000 14,000
II. Competitive Bids Received
(i) Number 174 247
(ii) Amount 26,398.500 39,425.000
98.52 96.11
III. Cut-off price / Yield
(YTM: 6.5497%) (YTM: 7.3844%)
IV. Competitive Bids Accepted
(i) Number 75 89
(ii) Amount 10,985.863 13,955.519
Partial Allotment Percentage of 89.4576% 31.4504%
V.
Competitive Bids (19 bids) (5 bids)
98.56 96.21
VI. Weighted Average Price/Yield
(WAY: 6.5423%) (WAY: 7.3765%)
VII. Non-Competitive Bids Received
(i) Number 6 6
(ii) Amount 14.137 44.481
VIII. Non-Competitive Bids Accepted
(i) Number 6 6
(ii) Amount 14.137 44.481
(iii) Partial Allotment Percentage
IX. Underwriting Notified Amount 11,000 14,000
Amount of Underwriting accepted
X. 11,000 14,000
from primary dealers
XI. Devolvement on Primary Dealers NIL NIL
Ajit Prasad
Press Release: 2025-2026/1036 Deputy General Manager
(Communications)