Government Stock - Auction Results: Cut-off

The Reserve Bank of India announced the full auction results for the 6.94% Government Stock (GS) 2036. A total of 402 bids were received, with 143 accepted, amounting to ₹33,915.822 crore, resulting in a cut-off price of 98.58 and a yield of 7.1450%. Out of the competitive bids, 19.5619% were partially allotted, totaling ₹51 bids. Additionally, 7 non-competitive bids were accepted, amounting to ₹84.178 crore. The underwriting amount of ₹34,000 crore was fully accepted from primary dealers, with no devolvement to them.

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