Press release 🌐 Macro 🌍 India

RBI Announces ₹34,000 Crore Re-issue Auction for 6.94% GS 2036 Security

The RBI will conduct a ₹34,000 crore auction for the 6.94% GS 2036 security on October 16, 2026, utilizing the e-Kuber platform for competitive and non-competitive bidding.

🕐 1 min read

1 assets impacted. Net bias: 0 Bullish, 0 Bearish, 1 Neutral. Strongest signal: 6.94% GS 2036 → 5/10 (65% confidence).

📊 Affected Assets (1)

6.94% GS 2036
Neutral 🤖 65%
📅 Short-term 🌍 IN · Explicit

The Reserve Bank of India has scheduled a re-issue auction for the 6.94% Government of India security maturing on May 11, 2036, with a notified amount of ₹34,000 crore. The auction will utilize the multiple price method, and the government retains the option to accept an additional subscription of up to ₹2,000 crore.

Catalysts
  • • Re-issue auction scheduled for October 16, 2026
  • • Eligibility for 'When Issued' trading from October 13 to October 16, 2026
Risk Factors
  • • Auction results are subject to RBI's discretion to reject bids
  • • Market volatility during the 'When Issued' trading period
▼ Show FAQ (3) ▲ Hide FAQ
When is the auction date?

The auction is scheduled for October 16, 2026.

What is the minimum bid size?

The minimum bid size is ₹10,000 (nominal) and in multiples of ₹10,000 thereafter.

How will the auction be conducted?

The auction will be conducted using the multiple price method via the RBI's e-Kuber system.

🎯 Key Takeaways

  • The auction for the 6.94% GS 2036 security is set for October 16, 2026, with settlement on October 19, 2026.
  • The RBI retains the option to accept an additional ₹2,000 crore in subscriptions beyond the base ₹34,000 crore target.

📝 Executive Summary

The Reserve Bank of India has scheduled a re-issue auction for the 6.94% Government of India security maturing in 2036, targeting a notified amount of ₹34,000 crore. The auction will take place on October 16, 2026, using the multiple price method, with an additional greenshoe option of ₹2,000 crore available.

❓ FAQ

How will the auction be conducted?

The auction will be conducted using the multiple price method via the Reserve Bank of India's e-Kuber electronic platform.