Debt Management

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

(For the Quarter ending December 2025) Reserve Bank of India, in consultation with the Government of India, hereby, releases the calendar for issuance of Treasury Bills for the quarter ending December

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹34,100 Crore (Face Value).

(Amount in ₹ Crore) Auction Results 6.68% GS 2040 6.90% GS 2065 I. Notified Amount 16,000 16,000 II. Competitive Bids Received (i) Number 245 259 (ii) Amount 40,050.000 43,834.352 III. Cut-off price / Yield 98.50 95.60 (YTM: 6.8414%) (YTM: 7.2385%)

6.68% GS 2040 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹16,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 98.50/6.8414% 95.60/7.2385% III. Amount accepted in the auction ₹16,000 crore ₹16,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on September 26, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive Underwriting Amount Accepted (₹ crore) Total Amount underwritten (₹ crore) ACU Commission Cut-off rate (Paise per ₹100) 6.68% GS 2040 16,000 8,001 7,999 16,000 0.38 6.90% GS 2065 16,000 8,001 7,999 16,000 0.38