The Reserve Bank of India’s auction of government securities held on 17 October 2025, witnessed robust participation across maturities.
For the 6.01% Government Security 2030, the notified amount was Rs 18,000 crore, against which 276 competitive bids worth Rs 68,500 crore were received. The cut-off price stood at 99.52, translating to a yield of 6.1252%. A total of 79 bids amounting to Rs 17,987.04 crore were accepted, with a weighted average yield of 6.1178%.
For the 7.09% Government Security 2074, the notified amount was Rs 12,000 crore. The issue attracted 170 bids totaling Rs 24,260 crore. The cut-off price was 98.80, implying a yield of 7.1782%. The RBI accepted 128 bids worth Rs 11,986.96 crore, resulting in a weighted average yield of 7.1655%.
Non-competitive bids were fully accepted in both segments, totaling Rs 12.97 crore for the 2030 paper and Rs 13.04 crore for the 2074 paper.
No devolvement on primary dealers occurred in this auction, as the entire underwriting amount of Rs 30,000 crore (Rs 18,000 crore for 2030 and Rs 12,000 crore for 2074) was fully subscribed.
The healthy subscription levels highlight continued investor appetite for long-term government bonds amid steady yield expectations.