OMO sale October 13: RBI accepts bids at yields of 7.14% to 7.39%
RBI took in ₹25,000 crore from the bond sale; the five bonds it sold carried cut-off yields from 7.14% to 7.39%.
Official title: Open Market Operation (OMO) – Sale of Government of India Securities held on Oct 13, 2026: Cut-Offs · Press Release 2026-2027/1318
What happened
These are the first cut-offs from the October 13, 2026 OMO sale of government bonds. RBI had offered ₹25,000 crore and sold five of the six bonds. It accepted ₹2,820 crore of the 7.88% GS 2030 (yield 7.1428%), ₹8,430 crore of the 6.10% GS 2031 (7.2236%), ₹1,600 crore of the 7.95% GS 2032 (7.2659%), ₹2,735 crore of the 7.26% GS 2033 (7.3413%) and ₹9,415 crore of the 7.18% GS 2033 (7.3947%).
It accepted no bids for the 7.10% GS 2034. Selling the bonds takes cash out of the banking system. Detailed results were to follow.
What it means for you
No direct effect. The sale removes surplus cash from banks, which can lightly support higher interest rates over time.
What it means for businesses
Banks that bought bonds have less spare cash. Yields of about 7.1% to 7.4% on bonds due in 2030 to 2033 show where the market priced government borrowing that day.
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.