Mumbai, Feb. 6 -- The Reserve Bank of India on Friday conducted an auction of two long dated government securities, the 6.68% GS 2040 and the 6.90% GS 2065, with demand remaining healthy and underwriting fully covering the notified amounts, resulting in no devolvement on primary dealers.

For the 6.68% Government Security maturing in 2040, the Reserve Bank of India had notified an issuance of Rs 16,000 crore. Competitive bids worth Rs 40,282 crore were received, more than two and a half intimes the offer size, underscoring strong vestor appetite for the tenor. The cut off price was set at 95.67, translating into a yield of 7.1658%. The RBI accepted Rs 15,976.01 crore through competitive bids, with partial allotment applied to 17 bids. The...