The Reserve Bank of India conducted an RBI OMO sale of government securities on September 28, 2026. The central bank accepted bids worth ₹25,000 crore in aggregate across six securities. Results show clear cut-off yields and prices for each bond.
Key Details of the RBI OMO Sale
The RBI accepted six government securities under this open market operation. Together, they cover maturities ranging from 2029 to 2032. The table below summarises the accepted amounts and cut-off levels.
The 7.59% GS 2029 saw ₹920 crore accepted at a cut-off yield of 6.6676% and a price of ₹102.07. Meanwhile, the 6.45% GS 2029 had ₹610 crore accepted at 6.7201% yield, priced at ₹99.27. Additionally, the 7.61% GS 2030 attracted ₹1,350 crore at a yield of 6.9108% and price of ₹102.19.
The 5.85% GS 2030 saw ₹1,320 crore accepted at 6.9481% yield and ₹96.07 price. However, the largest allocation went to the 6.54% GS 2032, which drew ₹14,350 crore at a cut-off yield of 7.0810% and price of ₹97.63. The 7.26% GS 2032 rounded off the auction with ₹6,450 crore at 7.1021% yield and ₹100.74 price.
What This RBI OMO Sale Means for Markets
Through this RBI OMO sale, the central bank absorbs excess liquidity from the banking system. As a result, bond yields in the secondary market may adjust to reflect these new cut-off levels. Therefore, traders and investors will closely watch how yields move in the coming sessions.
The 2032 securities dominated the auction in volume terms. For example, the 6.54% GS 2032 alone accounted for more than half of the total amount. This signals strong RBI intent to drain longer-duration liquidity from the system.
Additionally, the cut-off yields across all six securities remained above 6.6%, reflecting current market rate expectations. The RBI did not set a security-wise notified amount, giving it flexibility in allocation. Detailed results will be issued separately by the Reserve Bank.
Source: RBI Press Releases
