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RBI auctions new 10 year bond raising 34000 crore at 6 94% yield
Economy
Published on 8 May 2026
Bids surged past one lakh crore for RBI’s new benchmark
The Reserve Bank of India has completed an auction for a new 10-year government security, raising Rs 34,000 crore at a 6.94% cut-off yield. Demand was strong enough to push bids above Rs 1 lakh crore. The fresh bond is set to become the new benchmark, shaping corporate borrowing costs and influencing overall interest rate direction.
- RBI raised Rs 34,000 crore through a new 10-year bond
- Cut-off yield landed at 6.94% in line with expectations
- Bids crossed Rs 1 lakh crore, signaling robust demand
- New security will act as benchmark for borrowing rates
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times