Document title: Underwriting Auction for Sale of Government Securities – ₹32,000 crore (July 17 2026)
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/684
Date: 16 July 2026
Capital Markets and Flows
The Government of India announced the re‑issue of government securities totaling ₹32,000 crore, to be auctioned on 17 July 2026 (Friday). The securities offered are: 6.03% GS 2029 (notified amount ₹11,000 crore), 6.68% GS 2033 (notified amount ₹11,000 crore), and 7.24% GS 2055 (notified amount ₹10,000 crore). Under the underwriting scheme dated 14 November 2007, each primary dealer (PD) must commit a Minimum Underwriting Commitment (MUC) of ₹262 crore for the 2029 and 2033 issues and ₹239 crore for the 2055 issue. The same amounts apply as the minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction. The auction will be conducted using a multiple price‑based method.
Regulatory and Policy Measures
Primary dealers may submit their ACU bids electronically through the RBI Core Banking Solution (e‑Kuber) between 09:00 A.M. and 09:30 A.M. on the auction day. The underwriting commission earned by each PD will be credited to its current account with the RBI on the day the securities are issued. The circular is issued by Deputy General Manager Ajit Prasad (Communications).
The auction framework reflects the continuation of the underwriting commitment scheme established in 2007, ensuring liquidity and orderly distribution of government securities.