The RBI’s auction for 7.06% GS 2041 and 7.43% GS 2076 saw full allotment with no devolvement on primary dealers. The cut-off yields were 7.3881% and 7.7708% respectively.
The Reserve Bank of India conducted a successful auction for two dated government securities: 7.06% GS 2041 and 7.43% GS 2076. The notified amounts of ₹23,000 crore and ₹13,000 crore were fully accepted, with no devolvement on primary dealers.
Auction Results and Yields
The cut-off price was ₹97.07 for 7.06% GS 2041, implying a yield of 7.3881%, and ₹95.70 for 7.43% GS 2076, with an implied yield of 7.7708%. Competitive bids received totaled ₹52,879.80 crore and ₹20,751.00 crore respectively, demonstrating strong investor appetite.
Zero devolvement indicates effective demand absorption and confidence in primary dealers' underwriting capacity. The outcome supports the government’s borrowing programme and signals stable bond market conditions.
