Mumbai, Dec. 12 -- The Reserve Bank of India released the results of the December 12 auction for the 6.68% GS 2040 and 6.90% GS 2065 bonds, a combined sale that mobilised Rs 28,000 crore.

The 2040 bond drew 260 competitive bids worth Rs 36,063 crore, more than double the notified Rs 16,000 crore. The 2065 paper also found solid takers with 170 bids totalling Rs 32,398 crore against the Rs 12,000 crore on offer.

The cut-off came in at a price of 96.88 on the 2040 bond, implying a yield of 7.0250%. For the longer 2065 paper, the cut-off settled at 93.21, translating into a yield of 7.4340%. Traders noted the slight firmness in long-end yields, which remain sensitive to shifting expectations on global rate paths.

The RBI took in 116 compe...