{
 "meta": {
  "dossier": "rates",
  "source": "Reserve Bank of India (via the Data Bank)",
  "product": "rbirates",
  "base": "n/a",
  "frequency": "annual",
  "unit": "pct",
  "vintage": "2026-10-08",
  "mock": false,
  "geo": "IND",
  "latestPeriod": "2026-27",
  "releaseDate": null,
  "revisionPolicy": "Policy rates and auction results are final when announced. The Handbook restates a few effective dates between editions (newest edition wins, differences listed in rates-policy meta). Lending and deposit rates: each monthly release repeats the full history; the newest release wins.",
  "coverage": "Central government bond auctions added up by financial year: amounts offered and bid, devolvement, and the average yield accepted",
  "note": "Sums over the auction days in rates-gsec-auctions, by financial year (April to March). A year with no devolvement is printed 0 (no amount devolved), not empty. The current financial year is not over. Dated on 1 April of each financial year."
 },
 "dates": [
  "1995-04-01",
  "1996-04-01",
  "1997-04-01",
  "1998-04-01",
  "1999-04-01",
  "2000-04-01",
  "2001-04-01",
  "2002-04-01",
  "2003-04-01",
  "2004-04-01",
  "2005-04-01",
  "2006-04-01",
  "2007-04-01",
  "2008-04-01",
  "2009-04-01",
  "2010-04-01",
  "2011-04-01",
  "2012-04-01",
  "2013-04-01",
  "2014-04-01",
  "2015-04-01",
  "2016-04-01",
  "2017-04-01",
  "2018-04-01",
  "2019-04-01",
  "2020-04-01",
  "2021-04-01",
  "2022-04-01",
  "2023-04-01",
  "2024-04-01",
  "2025-04-01",
  "2026-04-01"
 ],
 "series": {
  "notified": {
   "name": "notified_inr_crore",
   "label": "Central government bonds auctioned in the year: notified, ₹ crore",
   "color": "#5F6675",
   "data": [
    17103.08,
    22945.83,
    27000,
    43500,
    57500,
    79500,
    86000,
    94000,
    100000,
    105000,
    133000,
    162000,
    270000,
    272000,
    430000,
    439000,
    517000,
    558000,
    568500,
    668402.06,
    680938,
    554045,
    693108.93,
    602313.26,
    699000,
    1317410.4,
    1155000,
    1437000,
    1543000,
    1411000,
    1477000,
    853000
   ],
   "unit": "inr_crore"
  },
  "bids": {
   "name": "bids_inr_crore",
   "label": "Bids received in the year, ₹ crore",
   "color": "#A3A9B4",
   "data": [
    15584.72,
    22683.3,
    60105.79,
    60307.06,
    123339.12,
    145489.94,
    208299.73,
    196789.89,
    213831.91,
    206775.83,
    283164.92,
    372537.93,
    755675.65,
    668594.84,
    992278.66,
    976901.77,
    1133286.19,
    1377139.08,
    1472262.51,
    1728847.56,
    1805702.8,
    1829530.51,
    2121995,
    1934518.4,
    2302694.46,
    3958315.89,
    3244693.19,
    3643579.02,
    4019153.01,
    4044064.86,
    4226294.61,
    2231297.72
   ],
   "unit": "inr_crore"
  },
  "devolved_pd": {
   "name": "devolvement_pd_inr_crore",
   "label": "Devolved on primary dealers in the year, ₹ crore",
   "color": "#C47A16",
   "data": [
    0,
    197,
    1902.65,
    3125.4,
    2792,
    7380.37,
    735,
    2721.7,
    0,
    985,
    0,
    5604.26,
    957.3,
    10773.45,
    7219.2,
    5772.65,
    1506.45,
    0,
    17450.92,
    5271.16,
    10999.14,
    5340.76,
    10296.5,
    15498.7,
    3605.75,
    130562.45,
    92495.43,
    23052.89,
    0,
    7443.5,
    0,
    0
   ],
   "unit": "inr_crore"
  },
  "devolved_rbi": {
   "name": "devolvement_rbi_inr_crore",
   "label": "Devolved or privately placed on the RBI in the year, ₹ crore",
   "color": "#C47A16",
   "data": [
    846.4,
    2319.21,
    2027.61,
    8204.62,
    0,
    13150.5,
    679,
    5174.6,
    0,
    846.81,
    0,
    0,
    0,
    0,
    170000,
    0,
    0,
    0,
    0,
    0,
    0,
    0,
    0,
    0,
    0,
    0,
    0,
    0,
    0,
    0,
    0,
    0
   ],
   "unit": "inr_crore"
  },
  "auctions": {
   "name": "auction_days_n",
   "label": "Auction days in the year",
   "color": "#C9CED6",
   "data": [
    6,
    9,
    8,
    12,
    16,
    21,
    16,
    15,
    15,
    15,
    18,
    23,
    41,
    30,
    37,
    38,
    42,
    39,
    46,
    43,
    45,
    40,
    44,
    50,
    43,
    49,
    43,
    48,
    46,
    47,
    48,
    27
   ],
   "unit": "count"
  },
  "auctions_devolved": {
   "name": "auction_days_with_devolvement_n",
   "label": "Auction days with any devolvement on primary dealers",
   "color": "#C47A16",
   "data": [
    0,
    4,
    2,
    3,
    3,
    5,
    1,
    3,
    0,
    2,
    0,
    2,
    1,
    8,
    12,
    5,
    2,
    0,
    12,
    3,
    7,
    4,
    3,
    8,
    2,
    10,
    13,
    8,
    0,
    2,
    0,
    0
   ],
   "unit": "count"
  },
  "cutoff_yield": {
   "name": "cutoff_yield_wavg_pct",
   "label": "Cut-off yield over the year, weighted by the amount notified (derived)",
   "color": "#2E4BD8",
   "data": [
    13.5087,
    13.6085,
    11.7733,
    11.7295,
    11.5948,
    10.8679,
    9.3831,
    7.1254,
    5.7713,
    5.8025,
    7.2603,
    7.9043,
    7.9687,
    7.7003,
    7.2288,
    7.9202,
    8.5247,
    8.3581,
    8.4208,
    8.434,
    7.7773,
    7.147,
    7.0055,
    7.7475,
    6.8524,
    5.8182,
    6.3142,
    7.3223,
    7.2408,
    6.9632,
    6.6919,
    7.035
   ],
   "unit": "pct_per_annum"
  }
 }
}