Mumbai, Jan. 2 -- The Reserve Bank of India announced the results of its government securities auction held on 2 January 2026, raising Rs 32,000 crore through the sale of the 6.48% Government Security 2035, with investor demand remaining robust and no devolvement on primary dealers.

The auction received 395 competitive bids amounting to Rs 66,542.70 crore, translating into demand of more than 2 times the notified amount. The cut-off price was set at 99.03, implying a yield of 6.6147%.

The RBI accepted 225 competitive bids aggregating Rs 31,995.98 crore. Partial allotment of 64.53% was applied to 20 bids. The weighted average price stood at 99.07, with a weighted average yield of 6.6090%.

Non-competitive participation remained limited, ...