Document title: Underwriting Auction for sale of Government Security for ₹34,000 crore on July 31, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/779
Date: July 30, 2026
Capital Markets and Flows
The Government of India has announced the re‑issue of 6.94% Government Security maturing in 2036, with a total issue size of ₹34,000 crore. The securities will be sold through an underwriting auction conducted on July 31, 2026 (Friday) using a multiple price‑based method. Primary Dealers (PDs) are the participants in the auction and will receive the underwriting commission directly into their current RBI accounts on the day the security is issued.
Regulatory and Policy Measures
The auction operates under the underwriting commitment scheme notified on November 14, 2007. Under this scheme, each Primary Dealer must meet a Minimum Underwriting Commitment (MUC) of ₹810 crore and a Minimum Bidding Commitment under the Additional Competitive Underwriting (ACU) auction of ₹810 crore. Bids for the ACU auction are to be submitted electronically via the RBI Core Banking Solution (e‑Kuber system) between 09:00 A.M. and 09:30 A.M. on the auction day. The underwriting commission earned by the PDs will be credited to their current RBI accounts on the issue date of the security.
This document outlines the procedural and quantitative parameters of the upcoming government securities underwriting auction, reflecting the RBI’s ongoing role in facilitating government borrowing and market liquidity.