RBI Announces Results of G-Sec Auction; ₹30,000 Crore Accepted in Full
New Delhi: The Reserve Bank of India (RBI) on Friday announced the results of the auction of two Government of India securities (G-Secs) — the 6.01% GS 2030 and the 7.09% GS 2074.
According to the RBI, the total notified amount was ₹18,000 crore for the 6.01% GS 2030 and ₹12,000 crore for the 7.09% GS 2074.
The cut-off price for the 6.01% GS 2030 was set at ₹99.52, corresponding to a yield of 6.1252%, while the 7.09% GS 2074 was cut off at ₹98.80, implying a yield of 7.1782%.
The central bank said the entire notified amount was accepted in both cases, with no devolvement on primary dealers.
The RBI conducts such auctions as part of its role in managing the government’s market borrowing programme, ensuring financial stability, and maintaining a balanced yield curve.
Government securities (G-Secs) are debt instruments issued by the Centre or states to raise funds for various expenditures, including infrastructure projects and budgetary needs. Considered among the safest investment options, G-Secs provide investors with regular interest income and principal repayment upon maturity.
Last month, states collectively mobilised ₹25,000 crore through an auction of State Government Securities (SGS) held on September 23, with cut-off yields ranging between 7.26% and 7.45%, according to RBI data.
Among the participants were Bihar, Chhattisgarh, Gujarat, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana, and West Bengal. Telangana emerged as a major borrower, raising ₹5,000 crore through four tranches of 22–26-year maturities, all at a uniform cut-off yield of 7.44%.
