Conversion/Switch of Government of India Securities
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Official press release — a government communication announcing decisions, milestones, or initiatives. Signals intent and often precedes formal notification or legislative action.
Summary
Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities September 21, 2026 (Monday) 8.26% GS 2027 (Maturing on Aug 02, 2027) 2,000 7.19% GS 2060 (Maturing on Sep 15, 2060) 7.06% GS 2028 (Maturing on Apr 10, 2028) 4,000 6.79% GS 2
Key Facts
TypePress release
SourceReserve Bank of India
PublishedWednesday, 16 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
2 changes recorded for this policy.
DescriptionThursday, 17 September 2026via rbi
Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities September 21, 2026 (Monday) 8.26% GS 2027 (Maturing on Aug 02, 2027) 2,000 7.19% GS 2060 (Maturing on Sep 15, 2060) 7.06% GS 2028 (Maturing on Apr 10, 2028) 4,000 6.79% GS 2
Security 7.59% GS 2029 6.79% GS 2029 7.61% GS 2030 5.77% GS 2030 6.68% GS 2031 8.28% GS 2032 Total amount notified Aggregate amount of ₹50,000 crore (No security-wise notified amount) Total amount (Face Value) accepted by RBI (₹ in crore) 7,005 7,255 1,005 12,645 3,250 18,840 Cut off yield (%) 6.6007 6.7023 6.8191 6.8589 6.9080 7.0090 Cut off price (₹) 102.25 100.24 102.50 96.34 99.05 105.63 Detailed results will be issued shortly. Ajit Prasad
DescriptionMonday, 21 September 2026via rbi
Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹30,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities September 21, 2026 (Monday) 8.26% GS 2027 (Maturing on Aug 02, 2027) 2,000 7.19% GS 2060 (Maturing on Sep 15, 2060) 7.06% GS 2028 (Maturing on Apr 10, 2028) 4,000 6.79% GS 2
A. Source Security 8.26% GS 2027 7.06% GS 2028 8.60% GS 2028 7.26% GS 2029 B. Notified Amount (in ₹ crore) 2,000 4,000 4,000 4,000 Destination Security 7.19% GS 2060 6.79% GS 2034 7.50% GS 2034 7.50% GS 2034 C. i. No. of offers received 4 17 8 22 ii. Total amount of Source Security offered (Face value, in ₹ crore) 2,107.859 4,245.357 3,970.832 4,614.777 iii. No. of offers accepted 3 13 3 3 iv. Total amount of source security accepted (Face value, in ₹ crore) 2,000.000 3,945.357
Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 71,580 Amount accepted (in ₹ crore) 71,580 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1317
Dr Martin Patrick, Senior Fellow (Economy), Centre for Public Policy Research (CPPR), discusses Kerala’s economic development priorities, focusing on employment generation, higher education, investment, technology and sustainable growth. The interview explores ways to strengthen Kerala’s economy by creating local employment […] The post Kerala’s Economic Development: Growth, Employment and Sustainability | Dr Martin Patrick appeared first on Centre for Public Policy Research (CPPR).