Oct 1 bond auction details: bids were 2 to 2.5 times the amount sought
Banks and investors bid ₹77,698 crore for ₹33,000 crore of bonds on October 1. Small investors got every rupee they asked for.
Official title: Government Stock - Full Auction Results · Press Release 2026-2027/1231
What happened
These are the full results of the October 1, 2026 bond auction. Competitive bids came to ₹20,570 crore for the 6.20% 2029 bond (₹9,000 crore sought), ₹29,756 crore for the 6.57% 2033 bond (₹12,000 crore), ₹21,408 crore for the 7.63% 2056 bond (₹9,000 crore) and ₹5,964 crore for the 7.50% green bond (₹3,000 crore).
Cut-off yields were 6.7688%, 7.1680%, 7.6895% and 7.6539%. Average winning yields were a bit lower: 6.7374%, 7.1584%, 7.6835% and 7.6408%. Non-competitive bidders, small investors who accept the average rate, got every rupee they asked for: ₹2.9 crore, ₹52 crore, ₹7.6 crore and ₹0.9 crore. The underwriters were not needed.
What it means for you
Small investors faced no rationing in these auctions. If you want to lend to the government yourself, individuals can bid in these auctions through the RBI Retail Direct portal.
What it means for businesses
The strong demand shows institutions want government bonds at these yields, which helps keep government borrowing costs stable.
Read the original
Press release on rbi.org.in ↗ Official PDF ↗
This explainer simplifies the official text. If anything here differs from the RBI's release, the release is right.