Mumbai, July 4 -- The Reserve Bank of India successfully raised a total of Rs 32,000 crore in the latest government securities (G-Sec) auction, reflecting robust demand from market participants. The auction covered two securities: a new GS maturing in 2040 and the 6.90% GS maturing in 2065, with a notified amount of Rs 16,000 crore for each.

For the New GS 2040, the RBI received 224 competitive bids totaling Rs 46,341 crore. Of these, 106 bids amounting to Rs 15,990.55 crore were accepted. The cut-off price was set at Rs 100, implying a yield to maturity (YTM) of 6.68%. The weighted average yield (WAY) came in slightly lower at 6.669%, with the weighted average price at Rs 100.10. A partial allotment of 15.67% was made for 59 bids.

On t...