RBI auctioned 8.28% Government Stock (G-Sec), 2032 today, November 7. The notified amount for the auction was Rs 40 billion. The multiple price-based auctions for the bills remained oversubscribed. RBI received 236 competitive bids worth Rs 87.90 billion for the bills. However, it accepted only 71 bids for the notified amount.

The cut-off price determined at Rs 98.33 offered ytm (yield to maturity) of 8.44%.
 
The weighted average price worked out to Rs 98.65.

However, the apex bank received 5 non-competitive bids worth Rs 70 million for the bills.