India's 6.94% GS 2036 Auction Draws Strong Demand, Sees Partial Allotment as Cut-Off Settles at Rs 98.58
India's latest government securities auction for the 6.94% GS 2036 bond drew robust investor interest, with bids far exceeding the notified amount and the issue ultimately seeing partial allotment in the competitive segment. The Reserve Bank of India accepted the full notified underwriting support from primary dealers, while recording no devolvement, underscoring steady market appetite for long-dated sovereign paper.
