August 3, 2026

The Government of India has announced the re-issue of two Government Securities (G-Secs) worth a combined ₹32,000 crore through an auction to be conducted by the Reserve Bank of India (RBI) on August 7, 2026.

The government will auction 6.36% Government Security 2031 worth ₹21,000 crore and 7.71% Government Security 2066 worth ₹11,000 crore. Both securities will be auctioned through the price-based auction method using the multiple-price system.

The government also has the option to retain additional subscriptions of up to ₹2,000 crore against each security, depending on the auction outcome.

Auction Details

The auction will be conducted by the RBI at its Mumbai office. Competitive bids will be accepted between 10:30 AM and 11:30 AM, while non-competitive bids can be submitted between 10:30 AM and 11:00 AM through the RBI’s E-Kuber system.

Up to 5% of the notified amount of each security will be allotted to eligible individuals and institutions under the non-competitive bidding facility.

The auction results will be announced on August 7, with successful bidders required to make payment on August 10, 2026.

Why It Matters

Government securities are an important source of government borrowing and are closely watched by investors because their auction yields can provide indications about borrowing costs, bond-market demand and interest-rate expectations.

The securities will also be eligible for “When Issued” trading under RBI guidelines.