The auction included the 6.68% Government Security 2040 with a notified amount of Rs 17,000 crore and the 7.43% Government Security 2076 for Rs 12,000 crore.

Demand remained firm, with the 6.68% GS 2040 receiving 240 competitive bids amounting to Rs 32,591.30 crore, nearly twice the notified size. The 7.43% GS 2076 attracted 120 bids aggregating Rs 26,999.00 crore, translating into over 2.2 times subscription.

The 6.68% GS 2040 was auctioned at a cut-off price of Rs 92.63, corresponding to a yield of 7.5303%. The weighted average price stood higher at Rs 92.76, with a weighted average yield of 7.5145%.

The 7.43% GS 2076 cleared at a cut-off price of Rs 94.38, implying a yield of 7.8812%. Its weighted average price came in at Rs 94.49, with a weighted average yield of 7.8718%.

In the competitive segment, the RBI accepted 139 bids worth Rs 16,986.01 crore for the 2040 bond and 36 bids amounting to Rs 11,985.54 crore for the 2076 paper.

Partial allotments were made in select bids. Four bids in the 2040 security were partially allotted at 73.4956%, while two bids in the 2076 bond were partially accepted at 27.1360%.

Non-competitive bids were fully accepted in both securities. The 2040 bond received six bids worth Rs 13.99 crore, while the 2076 security saw five bids amounting to Rs 14.47 crore.

The entire underwriting amount of Rs 17,000 crore for the 2040 bond and Rs 12,000 crore for the 2076 bond was accepted from primary dealers, with no devolvement.