Ashutosh Sureka

RBI releases government securities auction results for ₹35,000 crore

RBI releases government securities auction results for ₹35,000 crore
RBI releases results

The Government of India’s government borrowing program for the current fiscal year saw the auction of government securities across multiple maturities completed on October 30, 2026. Bids totaling ₹35,000 crore were accepted for securities maturing in 2028, 2031, and 2036, reflecting the aim of supporting market stability and investor interest.

Highlights

  • The RBI accepted bids worth ₹35,000 crore in an auction of government securities with three maturities on October 30, 2026.
  • ₹10,000 crore (coupon 6.10%), ₹15,000 crore (coupon 6.25%), and ₹10,000 crore (coupon 6.35%) were accepted for securities maturing in 2028, 2031, and 2036, respectively.
  • The government is gradually advancing its borrowing program through securities with different maturities, taking market stability and investor diversification into account.

This article was translated from the original. Read the original version by our correspondent here.

Auction results and details of the securities

As reported by the Reserve Bank of India, the government securities auction held on October 30, 2026, included bonds with three different maturities, with bids totaling ₹35,000 crore accepted. The announcement is part of the regular implementation of the government’s market borrowing program.

₹10,000 crore was accepted for the government security maturing in 2028, with a coupon of 6.10%. ₹15,000 crore was accepted for the security maturing in 2031, with a coupon set at 6.25%. For the security maturing in 2036, ₹10,000 crore was accepted, with a coupon of 6.35%.

Borrowing program and market impact

These results show that the government is meeting its borrowing requirements for the current fiscal year through securities with different maturities. Issuing securities across a range of maturities helps diversify the investor base and balance demand across different segments of the yield curve.

The RBI said the process is proceeding in a way that supports market stability and investor interest. The total amount accepted also indicates that the planned borrowing program is being phased into the market in a measured manner.

Our earlier report on the IMF raising India’s growth forecast for FY27 and FY28 to 7% discussed the strength of domestic demand and services as key supports, despite higher oil prices and a global slowdown. Alongside potential trends in inflation and the current account deficit, the article also highlighted how measures such as capital expenditure, R&D investment, and stronger supply chains support economic resilience. This background helps put the government’s borrowing program and bond auction results in a broader macroeconomic context.

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