RBI Publishes ₹28,000 Crore Government Stock Auction Results; 2041 Security Clears at 7.0668% Yield

The Reserve Bank of India has published the full results of the Government of India dated-securities auction conducted on August 21, 2026. The auction covered a total notified amount of ₹28,000 crore across two securities: ₹17,000 crore of 7.06% GS 2041 and ₹11,000 crore of 7.43% GS 2076.

Cut-off prices and yields

For the 7.06% GS 2041, the cut-off price was ₹99.93, corresponding to a yield to maturity of 7.0668%. For the 7.43% GS 2076, the cut-off price was ₹98.22, corresponding to a yield of 7.5674%.

RBI's separate full-auction result showed weighted average prices of ₹99.96 for the 2041 security and ₹98.38 for the 2076 security. The corresponding weighted average yields were 7.0635% and 7.5548%, respectively.

Competitive demand exceeded the notified amount

Competitive bidding was substantially higher than the amount on offer. RBI received 264 competitive bids for the 2041 security, amounting to ₹43,115 crore, against the ₹17,000 crore notified amount. Of these, 141 bids were accepted for ₹16,940.69 crore.

For the 2076 security, RBI received 160 competitive bids amounting to ₹26,354 crore against the notified ₹11,000 crore. It accepted 42 competitive bids for ₹10,984.80 crore.

Non-competitive bids and allotment

For 7.06% GS 2041, eight non-competitive bids totaling ₹59.31 crore were received and accepted. For 7.43% GS 2076, four non-competitive bids totaling ₹15.20 crore were received and accepted. Together with the competitive allotments, the total amount accepted matched the notified amounts of ₹17,000 crore and ₹11,000 crore.

No devolvement on primary dealers

RBI reported nil devolvement on primary dealers for both securities. The underwriting notified amount was ₹17,000 crore for the 2041 security and ₹11,000 crore for the 2076 security, and the corresponding underwriting amount accepted from primary dealers was the same.

Why the result matters

Government-security auction cut-offs are closely watched by treasury teams, banks, debt investors and finance professionals because they provide a market-clearing reference for sovereign borrowing at specific maturities. The longer 2076 security cleared at a materially higher yield than the 2041 security, consistent with the different maturity profile and pricing of the two instruments.

The auction result is a market outcome rather than a change in RBI regulation. Professionals using the data for valuation, treasury decisions or accounting analysis should rely on the official RBI auction releases and the relevant security terms.

Useful official links

Government Stock - Full Auction Results

Key takeaway

The same-day official auction result provides concrete pricing and demand data relevant to treasury, debt-market, banking and finance professionals.