Mumbai, April 10 -- The Reserve Bank of India on 10 April 2026 conducted the auction of the 6.48% Government Security 2035, witnessing strong investor demand and smooth absorption of the issuance.

The auction had a notified amount of Rs 34,000 crore. Competitive bids worth Rs 1,08,718.75 crore were received through 549 bids, translating into a bid cover of over three times, reflecting robust appetite for the benchmark 10-year paper.

The cut-off price was set at Rs 96.67, corresponding to a yield of 6.9655%. The weighted average price came in slightly higher at Rs 96.69, with a weighted average yield of 6.9625%, indicating tight clustering of bids around the cut-off level.

In the competitive segment, the RBI accepted 147 bids amounting ...