RBI auctioned 6 Years Government Stock (G-Sec), 2014 today, October 31. The underwriting notified amount for the auction was Rs 60 billion. The multiple price-based auctions for the bills remained oversubscribed. RBI received 281 competitive bids worth Rs 214.46 billion for the bills. However, it accepted only 127 bids for the notified amount.

The cut-off yield determined at 7.56%.
 
The weighted average yield worked out at 7.52%. While the partial allotment percentage of competitive bids was 97.75 from 14 bids.

The apex bank received 7 non-competitive bids worth Rs 130 million for the 6 Years Government Stock, 2014.