Mumbai, Aug. 29 -- The government's bond auction on Friday witnessed robust demand, with both the 6.68% GS 2040 and 6.90% GS 2065 issues drawing bids more than double their notified amounts.

For the 6.68% GS 2040 paper, against a notified amount of Rs 16,000 crore, competitive bids worth Rs 28,598 crore were received. The cut-off price stood at 97.38, translating into a yield of 6.9646%. A total of 175 bids amounting to Rs 15,988 crore were accepted, with a partial allotment of 92.1% across three bids. The weighted average yield was marginally lower at 6.9491%.

Meanwhile, the 6.90% GS 2065 bond also attracted heavy interest with bids worth Rs 39,607 crore against a notified amount of Rs 16,000 crore. The cut-off price was set at 93.87, ...