Mumbai, Feb. 27 -- The Reserve Bank of India on 27 February 2026 conducted the full auction of the 6.48% Government Security 2035, drawing strong investor demand and witnessing no devolvement on primary dealers.

The 10-year benchmark paper carried a notified amount of Rs 32,000 crore. Competitive bids worth Rs 81,040 crore were received through 388 bids, translating into a bid cover of over 2.5 times the notified size, reflecting healthy appetite for medium-term sovereign debt.

The cut-off price was set at Rs 98.36, corresponding to a yield of 6.7134%. The weighted average price came in slightly higher at Rs 98.38, with a weighted average yield of 6.7105%, indicating that most successful bids were clustered around the cut-off level.

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