https://plain-rupee.vercel.app/Every RBI press release, explained in plain words.en-in https://plain-rupee.vercel.app/r/63833/https://plain-rupee.vercel.app/r/63833/Mon, 19 Oct 2026 06:30:00 GMTCash in the systemRBI announced an overnight Variable Rate Repo for up to ₹50,000 crore on 21 October, continuing to lend cash to banks. For you: No direct effect on your savings, loans or EMIs. It is a routine step to keep banks supplied with day-to-day cash. https://plain-rupee.vercel.app/r/63832/https://plain-rupee.vercel.app/r/63832/Mon, 19 Oct 2026 06:30:00 GMTGovernment borrowing & marketsThe government will sell ₹19,000 crore of 6.53% GS 2031 and ₹14,000 crore of 7.71% GS 2066 at an RBI auction on October 23. For you: If you want to lend to the government, you can bid through RBI Retail Direct without naming a price, and you would get the average rate. Otherwise there is no direct effect on you. https://plain-rupee.vercel.app/r/63831/https://plain-rupee.vercel.app/r/63831/Mon, 19 Oct 2026 06:30:00 GMTBank & NBFC actionsRestrictions on The Konark Urban Co-operative Bank in Ulhasnagar, Maharashtra, in place since April 2024, will now run until January 23, 2027. For you: If you have money in The Konark Urban Co-operative Bank, Ulhasnagar, the restrictions continue, including whatever withdrawal limit the original directions set. This release does not restate it, so ask at the branch or check the notice the bank must display. Your deposits remain covered by DICGC deposit insurance up to ₹5 lakh per depositor (principal and interest together), and if you have a loan from the bank you must keep repaying it as usual. https://plain-rupee.vercel.app/r/63830/https://plain-rupee.vercel.app/r/63830/Mon, 19 Oct 2026 06:30:00 GMTGovernment borrowing & marketsThe detailed result gives bids, cut-offs and allotments for each bond. States raised ₹23,016 crore of ₹24,400 crore sought. For you: Retail investors who bid non-competitively received the average rate of each bond. For most people there is no direct effect. https://plain-rupee.vercel.app/r/63829/https://plain-rupee.vercel.app/r/63829/Mon, 19 Oct 2026 06:30:00 GMTGovernment borrowing & marketsIn the October 19 switch, the government took back ₹11,302 crore of bonds due in 2027 to 2029 and issued ₹11,651 crore of bonds due in 2033 to 2060. For you: No direct effect on individuals. It is a debt management step to spread out repayments. https://plain-rupee.vercel.app/r/63828/https://plain-rupee.vercel.app/r/63828/Mon, 19 Oct 2026 06:30:00 GMTGovernment borrowing & marketsEleven states got ₹23,016 crore of the ₹24,400 crore they sought. Andhra Pradesh accepted nothing and Punjab only part. For you: These bonds pay roughly 8% a year and can be bought via RBI Retail Direct. There is no direct effect on most people. https://plain-rupee.vercel.app/r/63827/https://plain-rupee.vercel.app/r/63827/Mon, 19 Oct 2026 06:30:00 GMTCash in the systemOn Sunday 18 October there were no market trades. Banks parked ₹1.45 lakh crore with RBI and net absorption was ₹1,85,873 crore. For you: No direct effect on your savings or loans. These figures show how easy or tight cash is for banks, which feeds slowly into short-term interest rates. https://plain-rupee.vercel.app/r/63826/https://plain-rupee.vercel.app/r/63826/Mon, 19 Oct 2026 06:30:00 GMTCash in the systemOn Saturday 17 October, trading was light with an overnight rate of about 5.61%. Net absorption by RBI was ₹1,86,177 crore. For you: No direct effect on your savings or loans. These figures show how easy or tight cash is for banks, which feeds slowly into short-term interest rates. https://plain-rupee.vercel.app/r/63825/https://plain-rupee.vercel.app/r/63825/Mon, 19 Oct 2026 06:30:00 GMTCash in the systemBanks asked for ₹1,50,735 crore but RBI lent only ₹1,00,014 crore for 7 days, at a cut-off rate of 5.51%. For you: No direct effect on your savings or loans. It shows banks needed extra cash, which is a signal watched by people who track short-term interest rates. https://plain-rupee.vercel.app/r/63824/https://plain-rupee.vercel.app/r/63824/Mon, 19 Oct 2026 06:30:00 GMTCash in the systemOn 16 October, overnight rates were about 5.72% and RBI's net absorption fell to ₹1,99,648 crore. For you: No direct effect on your savings or loans. These figures show how easy or tight cash is for banks, which feeds slowly into short-term interest rates. https://plain-rupee.vercel.app/r/63823/https://plain-rupee.vercel.app/r/63823/Mon, 19 Oct 2026 06:30:00 GMTCash in the systemRBI switched from taking cash from banks to lending it: a 7-day Variable Rate Repo for up to ₹1,00,000 crore on 19 October. For you: No direct effect on your savings, loans or EMIs. It is RBI topping up the cash that banks need to run day to day. https://plain-rupee.vercel.app/r/63822/https://plain-rupee.vercel.app/r/63822/Fri, 16 Oct 2026 06:30:00 GMTYour money & rightsHolders of Sovereign Gold Bond 2020-21 Series VII who redeem early on October 19, 2026 (moved from the October 20 holiday) receive ₹14,614 for each unit, or one gram of gold. For you: If you hold this series and want to cash out, your request must go through the bank, post office, agent or depository participant where you hold it, before their cut-off for this date. Proceeds go to your linked bank account. Otherwise you can wait for a later interest date, hold to maturity, or sell on an exchange if the bond is in demat form. https://plain-rupee.vercel.app/r/63821/https://plain-rupee.vercel.app/r/63821/Fri, 16 Oct 2026 06:30:00 GMTGovernment borrowing & marketsRBI will auction 91-day, 182-day and 364-day Treasury bills worth ₹23,000 crore on October 21, with payment on October 22. For you: You can buy T-bills yourself through RBI Retail Direct for short-term lending to the government. Otherwise no direct effect. https://plain-rupee.vercel.app/r/63820/https://plain-rupee.vercel.app/r/63820/Fri, 16 Oct 2026 06:30:00 GMTBank & NBFC actionsRBI has approved the merger of Dubai-based Emirates NBD Bank's Indian branches into RBL Bank; from December 1, 2026, they will work as RBL Bank branches. For you: If you bank with Emirates NBD in India, your deposits and loans move to RBL Bank from December 1, 2026, and your branch becomes an RBL Bank branch. Watch for messages about account details, cheque books or cards. Deposit insurance of ₹5 lakh is per bank, so if you hold deposits in both banks, the combined amount will be covered only up to ₹5 lakh after the merger. RBL Bank customers see no change from this release. https://plain-rupee.vercel.app/r/63819/https://plain-rupee.vercel.app/r/63819/Fri, 16 Oct 2026 06:30:00 GMTData & researchReserves fell for a third straight week to October 9, 2026, while RBI soaked up as much as ₹4.3 lakh crore of spare bank cash in a day. For you: No direct effect. Large spare cash in banks usually keeps deposit and loan rates soft. Reserves are still big enough to cover many months of imports. https://plain-rupee.vercel.app/r/63818/https://plain-rupee.vercel.app/r/63818/Fri, 16 Oct 2026 06:30:00 GMTGovernment borrowing & marketsBids were nearly three times the amount on offer. The 6.94% GS 2036 sold at a cut-off yield of 7.3955%. For you: Five small investors received the full ₹39 crore they bid for at the average yield of about 7.39%. https://plain-rupee.vercel.app/r/63817/https://plain-rupee.vercel.app/r/63817/Fri, 16 Oct 2026 06:30:00 GMTGovernment borrowing & marketsThe 6.94% GS 2036 sold at a cut-off yield of 7.3955%, so the government will pay about 7.4% a year to borrow until 2036. For you: Anyone could bid for this bond through RBI Retail Direct. Its yield is a benchmark for other long-term rates. https://plain-rupee.vercel.app/r/63816/https://plain-rupee.vercel.app/r/63816/Fri, 16 Oct 2026 06:30:00 GMTGovernment borrowing & marketsPrimary Dealers underwrote the full October 16 bond sale; the extra commission was set at 0.38 paise for every ₹100. For you: No direct effect. It ensures the government bond sale is fully covered. https://plain-rupee.vercel.app/r/63815/https://plain-rupee.vercel.app/r/63815/Fri, 16 Oct 2026 06:30:00 GMTCash in the systemOn 15 October, overnight rates jumped to about 5.70% and net absorption by RBI shrank to ₹2,42,482 crore. For you: No direct effect on your savings or loans. These figures show how easy or tight cash is for banks, which feeds slowly into short-term interest rates. https://plain-rupee.vercel.app/r/63814/https://plain-rupee.vercel.app/r/63814/Thu, 15 Oct 2026 06:30:00 GMTGovernment borrowing & marketsEleven states, including Maharashtra, Madhya Pradesh and Rajasthan, plan to raise ₹24,400 crore in an RBI auction on October 19. For you: State bonds can be bought through RBI Retail Direct at the auction's average rate. There is otherwise no direct effect. https://plain-rupee.vercel.app/r/63813/https://plain-rupee.vercel.app/r/63813/Thu, 15 Oct 2026 06:30:00 GMTForeign exchange & tradeIndia ran a US$ 5.2 billion current account deficit in August 2026, but a US$ 83 billion inflow into NRI deposits gave an overall surplus of US$ 45.4 billion. For you: No direct effect for most people. Large inflows from Indians abroad add to the reserves that protect the rupee. If you are an NRI, this shows many others have moved money into Indian deposits. https://plain-rupee.vercel.app/r/63812/https://plain-rupee.vercel.app/r/63812/Thu, 15 Oct 2026 06:30:00 GMTForeign exchange & tradeRBI's FAQs explain which currency hedges need the 20% Foreign Exchange Risk Reserve, how it is calculated, that it earns no interest, and which deals are left out. For you: No direct effect on individuals. Buying currency for travel or sending money abroad is not a derivative hedge, so the reserve doesn't apply. It matters indirectly as part of RBI's effort to keep the rupee steady. https://plain-rupee.vercel.app/r/63811/https://plain-rupee.vercel.app/r/63811/Thu, 15 Oct 2026 06:30:00 GMTGovernment borrowing & marketsPrimary Dealers must each promise to cover ₹810 crore of the October 16 bond sale and may bid for more, in return for a commission. For you: No direct effect on you. It is behind-the-scenes plumbing for the bond auction. https://plain-rupee.vercel.app/r/63810/https://plain-rupee.vercel.app/r/63810/Thu, 15 Oct 2026 06:30:00 GMTData & researchOn September 30, 2026, banks held ₹284 lakh crore in deposits and had lent ₹230 lakh crore, with loans growing a little faster than deposits over the year. For you: No direct effect. It shows households and firms are borrowing at a fast pace and banks have ample deposits, so loans remain widely available. https://plain-rupee.vercel.app/r/63809/https://plain-rupee.vercel.app/r/63809/Thu, 15 Oct 2026 06:30:00 GMTCash in the systemBanks offered just ₹9,562 crore against ₹50,000 crore on offer, all accepted at 5.49%. For you: No direct effect on your savings, loans or EMIs. It is a day-to-day cash management step between RBI and banks. https://plain-rupee.vercel.app/r/63808/https://plain-rupee.vercel.app/r/63808/Thu, 15 Oct 2026 06:30:00 GMTCash in the systemOn 14 October, overnight rates rose to about 5.55%, above RBI's 5.49% absorption rate. Net absorption fell to ₹2,56,516 crore. For you: No direct effect on your savings or loans. These figures show how easy or tight cash is for banks, which feeds slowly into short-term interest rates. https://plain-rupee.vercel.app/r/63807/https://plain-rupee.vercel.app/r/63807/Wed, 14 Oct 2026 06:30:00 GMTYour money & rightsHolders of Sovereign Gold Bond 2019-20 Series V who chose to cash out early on October 15, 2026 receive ₹14,725 for each unit (one gram of gold). For you: If you hold this series and want to exit early, ask the bank, post office, agent or depository participant through which you hold the bond to submit your redemption request before the date (each has its own cut-off). Money is credited to your linked bank account. If you didn't apply this time, the next chance comes on a later interest date, or you can hold to maturity or sell on a stock exchange if held in demat form. https://plain-rupee.vercel.app/r/63806/https://plain-rupee.vercel.app/r/63806/Wed, 14 Oct 2026 06:30:00 GMTGovernment borrowing & marketsRBI will run a switch auction on October 19 in which investors can exchange six bonds due in 2027 to 2029 for bonds due in 2033 to 2060. For you: No direct effect on individuals. It is a debt management step by the government. https://plain-rupee.vercel.app/r/63805/https://plain-rupee.vercel.app/r/63805/Wed, 14 Oct 2026 06:30:00 GMTCash in the systemRBI announced another overnight cash-absorbing auction, again for up to ₹50,000 crore, on 15 October. For you: No direct effect on your savings, loans or EMIs. It is a day-to-day cash management step between RBI and banks. https://plain-rupee.vercel.app/r/63804/https://plain-rupee.vercel.app/r/63804/Wed, 14 Oct 2026 06:30:00 GMTGovernment borrowing & marketsFull result of the T-bill auction: ₹23,000 crore raised, bids more than double the amount, and cut-offs of 5.73%, 6.29% and 6.49%. For you: Retail investors who bid non-competitively received the weighted average yield (for example about 6.44% on the 364-day bill). https://plain-rupee.vercel.app/r/63803/https://plain-rupee.vercel.app/r/63803/Wed, 14 Oct 2026 06:30:00 GMTGovernment borrowing & marketsThe government raised ₹23,000 crore in T-bills on October 14. It will pay about 5.7% for three months and about 6.5% for a year. For you: You can buy T-bills through RBI Retail Direct. A 364-day bill pays about 6.5% a year at this cut-off, though rates change at each auction. https://plain-rupee.vercel.app/r/63802/https://plain-rupee.vercel.app/r/63802/Wed, 14 Oct 2026 06:30:00 GMTCash in the systemBanks offered ₹25,533 crore against ₹50,000 crore on offer, and RBI accepted all of it at 5.49%. For you: No direct effect on your savings, loans or EMIs. It is a day-to-day cash management step between RBI and banks. https://plain-rupee.vercel.app/r/63801/https://plain-rupee.vercel.app/r/63801/Wed, 14 Oct 2026 06:30:00 GMTCash in the systemOn 13 October, overnight rates were about 5.37% and net absorption by RBI stayed near ₹3,35,926 crore. For you: No direct effect on your savings or loans. These figures show how easy or tight cash is for banks, which feeds slowly into short-term interest rates. https://plain-rupee.vercel.app/r/63800/https://plain-rupee.vercel.app/r/63800/Tue, 13 Oct 2026 06:30:00 GMTCash in the systemRBI announced an overnight VRRR auction on 14 October for up to ₹50,000 crore, a third of the day before. For you: No direct effect on your savings, loans or EMIs. It is a day-to-day cash management step between RBI and banks. https://plain-rupee.vercel.app/r/63799/https://plain-rupee.vercel.app/r/63799/Tue, 13 Oct 2026 06:30:00 GMTGovernment borrowing & marketsThe detailed bid-by-bid result shows states got ₹30,005 crore, with bids above the amount sought for most bonds. For you: Individuals bidding through RBI Retail Direct got the average rate of each auction. For most people there is no direct effect. https://plain-rupee.vercel.app/r/63798/https://plain-rupee.vercel.app/r/63798/Tue, 13 Oct 2026 06:30:00 GMTGovernment borrowing & marketsRBI received bids worth ₹55,518 crore and accepted ₹25,000 crore, pulling that cash out of the banking system. For you: No direct effect on your accounts or loans. It is part of RBI managing the amount of cash in banks. https://plain-rupee.vercel.app/r/63797/https://plain-rupee.vercel.app/r/63797/Tue, 13 Oct 2026 06:30:00 GMTGovernment borrowing & marketsThirteen states got ₹30,005 crore of the ₹31,200 crore they sought. Most will pay between 8.0% and 8.2% a year. For you: State bonds pay about 8% a year, higher than most savings accounts, and can be bought through RBI Retail Direct. For most people there is no direct effect. https://plain-rupee.vercel.app/r/63796/https://plain-rupee.vercel.app/r/63796/Tue, 13 Oct 2026 06:30:00 GMTGovernment borrowing & marketsRBI took in ₹25,000 crore from the bond sale; the five bonds it sold carried cut-off yields from 7.14% to 7.39%. For you: No direct effect. The sale removes surplus cash from banks, which can lightly support higher interest rates over time. https://plain-rupee.vercel.app/r/63795/https://plain-rupee.vercel.app/r/63795/Tue, 13 Oct 2026 06:30:00 GMTCash in the systemBanks offered ₹71,580 crore against ₹1,50,000 crore on offer, and RBI accepted all of it at 5.49%. For you: No direct effect on your savings, loans or EMIs. It is a day-to-day cash management step between RBI and banks. https://plain-rupee.vercel.app/r/63794/https://plain-rupee.vercel.app/r/63794/Tue, 13 Oct 2026 06:30:00 GMTCash in the systemOn 12 October, overnight rates edged up to about 5.35% and net cash absorbed by RBI fell to ₹3,35,901 crore. For you: No direct effect on your savings or loans. These figures show how easy or tight cash is for banks, which feeds slowly into short-term interest rates. https://plain-rupee.vercel.app/r/63793/https://plain-rupee.vercel.app/r/63793/Mon, 12 Oct 2026 06:30:00 GMTCash in the systemRBI announced an overnight cash-absorbing auction on 13 October for up to ₹1,50,000 crore, to be returned on 14 October. For you: No direct effect on your savings, loans or EMIs. It is a day-to-day cash management step between RBI and banks. https://plain-rupee.vercel.app/r/63792/https://plain-rupee.vercel.app/r/63792/Mon, 12 Oct 2026 06:30:00 GMTGovernment borrowing & marketsThe Government of India will sell ₹34,000 crore of the 6.94% bond maturing in 2036 at an RBI auction on October 16. For you: If you want to lend to the government, you can bid through RBI Retail Direct without naming a price, and you would get the average rate. Otherwise there is no direct effect on you. https://plain-rupee.vercel.app/r/63791/https://plain-rupee.vercel.app/r/63791/Mon, 12 Oct 2026 06:30:00 GMTData & researchRBI released routine money supply data for the fortnight ended September 30, 2026. Broad money stood at about ₹337.7 lakh crore, up 16.9% over a year. For you: No direct effect. Fast money growth reflects strong bank lending. If it runs well ahead of the economy for long, it can add to price pressures. https://plain-rupee.vercel.app/r/63790/https://plain-rupee.vercel.app/r/63790/Mon, 12 Oct 2026 06:30:00 GMTData & researchRBI is asking manufacturing companies how business is going in October to December 2026 and what they expect over the following three quarters. For you: No direct effect. The results help RBI judge where prices and jobs in factories are heading. https://plain-rupee.vercel.app/r/63789/https://plain-rupee.vercel.app/r/63789/Mon, 12 Oct 2026 06:30:00 GMTData & researchRBI is asking services and infrastructure companies how business is going in October to December 2026 and what they expect for the next three quarters. For you: No direct effect. The results help RBI read the economy, including hiring and price trends in services. https://plain-rupee.vercel.app/r/63788/https://plain-rupee.vercel.app/r/63788/Mon, 12 Oct 2026 06:30:00 GMTCash in the systemOn Sunday 11 October, markets were closed. Banks parked ₹1.41 lakh crore with RBI and net absorption was ₹3,77,857 crore. For you: No direct effect on your savings or loans. These figures show how easy or tight cash is for banks, which feeds slowly into short-term interest rates. https://plain-rupee.vercel.app/r/63787/https://plain-rupee.vercel.app/r/63787/Mon, 12 Oct 2026 06:30:00 GMTCash in the systemOn Saturday 10 October, money markets were closed. Banks parked about ₹1.39 lakh crore with RBI and net absorption was ₹3,76,436 crore. For you: No direct effect on your savings or loans. These figures show how easy or tight cash is for banks, which feeds slowly into short-term interest rates. https://plain-rupee.vercel.app/r/63786/https://plain-rupee.vercel.app/r/63786/Mon, 12 Oct 2026 06:30:00 GMTCash in the systemBanks offered ₹37,558 crore against ₹2,00,000 crore on offer, and RBI took all of it at 5.49%. For you: No direct effect on your savings, loans or EMIs. It is a day-to-day cash management step between RBI and banks. https://plain-rupee.vercel.app/r/63785/https://plain-rupee.vercel.app/r/63785/Mon, 12 Oct 2026 06:30:00 GMTCash in the systemOn 9 October, overnight rates were about 5.30% and RBI drew a net ₹3,73,554 crore out of the system. For you: No direct effect on your savings or loans. These figures show how easy or tight cash is for banks, which feeds slowly into short-term interest rates. https://plain-rupee.vercel.app/r/63784/https://plain-rupee.vercel.app/r/63784/Sat, 10 Oct 2026 06:30:00 GMTForeign exchange & tradeFrom October 12, 2026, RBI will meet the entire daily dollar needs of the three state-owned oil marketing companies through a special window, until further notice. For you: The release says nothing about petrol, diesel or LPG prices, which are set separately. Its likely effect is indirect: by easing pressure on the rupee, it can help keep the cost of imports, including fuel, from rising further because of a weaker currency. https://plain-rupee.vercel.app/r/63783/https://plain-rupee.vercel.app/r/63783/Sat, 10 Oct 2026 06:30:00 GMTForeign exchange & tradeTo keep the forex market orderly, RBI barred rebooking of cancelled rupee hedges, cut the no-proof hedging limit to $5 million and made banks park 20% of large dollar-buying hedges with it. For you: These rules cover hedging contracts used mostly by companies and banks. Buying dollars for a trip, paying fees abroad or sending money to family under normal channels are not derivative contracts, so they are not directly affected. The broader goal is a steadier rupee, which matters for the price of imported goods. https://plain-rupee.vercel.app/r/63782/https://plain-rupee.vercel.app/r/63782/Fri, 09 Oct 2026 06:30:00 GMTCash in the systemRBI announced a 3-day cash-absorbing auction on 12 October for up to ₹2,00,000 crore, to be returned on Thursday, 15 October. For you: No direct effect on your savings, loans or EMIs. It is a day-to-day cash management step between RBI and banks. https://plain-rupee.vercel.app/r/63781/https://plain-rupee.vercel.app/r/63781/Fri, 09 Oct 2026 06:30:00 GMTData & researchRBI has launched the July to September 2026 round of its quarterly survey asking manufacturers about orders, inventories and how much of their capacity they use. For you: No direct effect. The results help RBI judge whether the economy is running hot, which feeds into interest rate decisions. https://plain-rupee.vercel.app/r/63780/https://plain-rupee.vercel.app/r/63780/Fri, 09 Oct 2026 06:30:00 GMTGovernment borrowing & marketsThirteen state governments, including Tamil Nadu, West Bengal and Uttar Pradesh, plan to raise ₹31,200 crore in an RBI auction on October 13. For you: State bonds are loans to a state government. Individuals can buy them through RBI Retail Direct. For most people there is no direct effect. https://plain-rupee.vercel.app/r/63779/https://plain-rupee.vercel.app/r/63779/Fri, 09 Oct 2026 06:30:00 GMTGovernment borrowing & marketsRBI will sell up to ₹25,000 crore of six government bonds on October 13, a move that pulls cash out of the banking system. For you: There is no direct effect on your savings or loans. If banks have less spare cash, loan rates and bond yields can edge up, but any effect is small and slow. https://plain-rupee.vercel.app/r/63778/https://plain-rupee.vercel.app/r/63778/Fri, 09 Oct 2026 06:30:00 GMTGovernment borrowing & marketsRBI will auction 91-day, 182-day and 364-day Treasury bills worth ₹23,000 crore on October 14, with payment due on October 15. For you: You can buy these bills yourself through RBI Retail Direct for short-term lending to the government. Otherwise there is no direct effect on you. https://plain-rupee.vercel.app/r/63777/https://plain-rupee.vercel.app/r/63777/Fri, 09 Oct 2026 06:30:00 GMTData & researchReserves fell for a second big week to October 2, 2026, while bank loans grew 19.4% and deposits 17.8% in the year to September 30. For you: No direct effect. Reserves remain large, though two weeks of steep falls are worth watching for signs of pressure on the rupee. https://plain-rupee.vercel.app/r/63776/https://plain-rupee.vercel.app/r/63776/Fri, 09 Oct 2026 06:30:00 GMTData & researchAn RBI working paper uses its household survey to estimate state-level urban inflation for April and May of 2020 and 2021, when official figures were never published. For you: No direct effect. This is research to fill a gap in historical data. https://plain-rupee.vercel.app/r/63775/https://plain-rupee.vercel.app/r/63775/Fri, 09 Oct 2026 06:30:00 GMTGovernment borrowing & marketsIn the October 9 auction, the government raised ₹36,000 crore: about 7.49% a year for a bond maturing in 2041 and about 7.80% for one maturing in 2076. For you: If you want to lend to the government, you can bid through RBI Retail Direct without naming a price, and you would get the average rate. Otherwise there is no direct effect on you. https://plain-rupee.vercel.app/r/63774/https://plain-rupee.vercel.app/r/63774/Fri, 09 Oct 2026 06:30:00 GMTGovernment borrowing & marketsThe government raised the full ₹36,000 crore. It will pay about 7.5% a year to borrow for 15 years and about 7.8% for 50 years. No dealer had to step in. For you: Long-term government bond yields influence home loan and other long-term rates over time. If you want to lend to the government yourself, individuals can bid in these auctions through the RBI Retail Direct portal.