The Reserve Bank of India on Friday (19 December 2025) released the results of its December 19 government securities auction, raising a total of Rs 30,000 crore through the sale of two bonds.
The auction included the 6.01% GS 2030 for Rs 18,000 crore and the 7.09% GS 2074 for Rs 12,000 crore. Demand was healthy for both securities, with bids exceeding the notified amounts.
The 6.01% GS 2030 received 165 competitive bids worth Rs 31,314 crore, nearly 1.7 times the amount on offer. The cut off price was set at 98.65, translating into a yield of 6.3527%. The RBI accepted 132 bids amounting to Rs 17,993.69 crore, with partial allotment of about 50.21% applied to seven bids. The weighted average yield came in slightly lower at 6.3347%.
The longer tenor 7.09% GS 2074 saw stronger demand, with 139 bids totalling Rs 44,858 crore against the notified Rs 12,000 crore. The cut off price was fixed at 96.30, implying a yield of 7.3702%. The central bank accepted 14 bids worth Rs 11,981.41 crore, with partial allotment of around 61.34% on three bids. The weighted average yield stood at 7.3647%.
Non competitive bidding remained modest. The 2030 bond received four bids amounting to Rs 6.32 crore, while the 2074 bond drew six bids worth Rs 18.59 crore. All non competitive bids were fully allotted.
Underwriting commitments matched the full notified amounts for both securities. There was no devolvement on primary dealers, indicating a smooth auction outcome.