The Reserve Bank of India has released details of the accepted amounts and cut-off yields for its open market operation sale of government securities on October 13, 2026. The auction is conducted against a total notified amount of Rs 25,000 crore, while one security shows no acceptance.
Highlights
- RBI accepted the total face values of 7.88% GS 2030, 6.10% GS 2031, 7.95% GS 2032, 7.26% GS 2033, and 7.18% GS 2033 in its Rs 25,000 crore OMO sale.
- The cut-off yields were set at 7.1428%, 7.2236%, 7.2659%, 7.3413%, and 7.3947%, respectively, while the corresponding cut-off prices were Rs 102.20, Rs 95.54, Rs 103.21, Rs 99.58, and Rs 98.85.
- The largest acceptances were for 6.10% GS 2031 and 7.18% GS 2033, indicating that medium-term securities are playing a key role in market operations.
This article was translated from the original. Read the original version by our correspondent here.
Auction results and accepted securities
According to the official press release from the Reserve Bank of India, the central bank has announced cut-off yields and cut-off prices for several government securities in the OMO sale on October 13, 2026. RBI accepted face values of Rs 2,820 crore for 7.88% GS 2030, Rs 8,430 crore for 6.10% GS 2031, Rs 1,600 crore for 7.95% GS 2032, Rs 2,735 crore for 7.26% GS 2033, and Rs 9,415 crore for 7.18% GS 2033.The cut-off yields were 7.1428%, 7.2236%, 7.2659%, 7.3413%, and 7.3947%, respectively, while the corresponding cut-off prices were Rs 102.20, Rs 95.54, Rs 103.21, Rs 99.58, and Rs 98.85. For 7.10% GS 2034, the accepted amount, cut-off yield, and cut-off price are shown as dashes in the published table.
Liquidity management and impact on the bond market
This OMO sale is part of RBI's liquidity management framework, under which the central bank sells Government of India securities held by it in the market. While the notified amount for each security has not been provided, the total notified amount has been set at Rs 25,000 crore.The largest acceptances were seen in 7.18% GS 2033 and 6.10% GS 2031, indicating that medium-term securities accounted for the largest share of this operation. RBI said that detailed results will be released shortly, providing investors and dealers with greater clarity on the overall allocation pattern.
Plans to launch futures contracts on the corporate bond index were covered in our previous report, which noted that NSE has received regulatory approval (NOC) from SEBI, potentially bringing a new exchange-traded risk management tool to the market. According to the report, the product could support portfolio hedging, improved price discovery, and market making, although its launch will depend on the required approval from RBI.