India · Central banks · Markets · Source: Reserve Bank of India

RBI announces ₹33,000 crore auction of four Government of India securities

Published 26 Oct 2026, 21:00 CET

Editor: Hedal Kolanyi / AI-assisted

Corrections: none so far. Spotted an error? Tell us via the Contact page.

Summary: India's government will borrow a notified ₹33,000 crore through an auction of four existing bonds on 30 October 2026, the Reserve Bank of India said. The sale includes ₹3,000 crore of a sovereign green bond.

What happened

In a press release dated 26 October 2026, the RBI said the Government of India would sell (re-issue) four dated securities that are already in the market:

6.20% GS 2029, maturing 17 August 2029: ₹9,000 crore
6.57% GS 2033, maturing 17 August 2033: ₹12,000 crore
7.63% GS 2056, maturing 15 September 2056: ₹9,000 crore
7.50% sovereign green bond 2056 (listed by the RBI as "GOI SGrB 2056"), maturing 27 April 2056: ₹3,000 crore

The government may keep up to ₹2,000 crore of extra subscription on each security, according to the RBI. The auction will use the multiple price method, which means successful bidders pay the price they bid. Bids are due through the RBI's e-Kuber system on 30 October. Results come the same day, and payment is due on 2 November 2026. The RBI also said the securities can trade on a "when issued" basis from 27 to 30 October.

EconoTimes reported the same four securities and amounts. It also noted that the ₹2,000 crore option sits on top of the ₹33,000 crore total.

Background

Weekly bond auctions are the main way India's central government funds itself. On 25 September 2026 the government said it plans gross market borrowing of ₹7,86,000 crore in the second half of fiscal year 2026-27, including ₹15,000 crore of sovereign green bonds, through 23 weekly auctions. Its indicative calendar set ₹33,000 crore for the week of 26–30 October, split across 3-, 7- and 30-year bonds and a 30-year green bond, which matches this auction.

The same four securities, with the same notified amounts, were sold in an auction the RBI reported on 1 October 2026. In that auction the cut-off yields ranged from about 6.77% on the 2029 bond to about 7.69% on the 7.63% 2056 bond, and primary dealers did not have to take up any unsold amount, according to the RBI's results.

Why it matters for markets and crypto

Government bond auctions show how much a government is borrowing and at what cost. The yields set at auction feed into borrowing costs across an economy. This is a routine debt-management operation, and it relates to India's wider bond market. The RBI notice makes no reference to crypto-assets, and this article draws no link to them.

What to watch next

27–30 October 2026: "when issued" trading window.
30 October 2026: auction, with results the same day.
2 November 2026: settlement.

Sources

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