The Reserve Bank of India (RBI) has announced the results of its recent auction of two Government of India securities, with the total notified amount of Rs 30,000 crore fully subscribed by investors. The securities auctioned were the 6.01 per cent GS 2030 and the 7.09 per cent GS 2074.
The 6.01 per cent Government Security 2030 carried a notified amount of Rs 18,000 crore, while the 7.09 per cent Government Security 2074 had a notified amount of Rs 12,000 crore. The cut-off price for the 6.01 per cent GS 2030 stood at Rs 99.52, translating into an implicit yield of 6.1 per cent. Meanwhile, the 7.09 per cent GS 2074 was cut off at Rs 98.80, reflecting a yield of 7.1782 per cent.
In both cases, the entire notified amount was accepted by the market, signalling strong investor appetite and no devolvement on primary dealers. This outcome highlights continued confidence in government securities as safe, low-risk instruments offering stable returns and assured principal repayment on maturity.
The auction forms part of the RBI’s ongoing market borrowing programme, aimed at ensuring liquidity, financial stability, and balanced demand across the yield curve. Government securities remain a key instrument for funding public expenditure, infrastructure development, and bridging fiscal deficits. |
