Document title: Result of Underwriting Auction conducted on July 17, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/691
Date: July 17, 2026
Capital Markets and Flows
The Reserve Bank of India announced the outcome of the additional competitive underwriting (ACU) auction held on July 17, 2026 for three government securities. The securities and their notified amounts were: 6.03% Government Security maturing in 2029 (₹11,000 cr), 6.68% Government Security maturing in 2033 (₹11,000 cr), and 7.24% Government Security maturing in 2055 (₹10,000 cr). Minimum underwriting commitments were set at ₹5,502 cr for the 2029 and 2033 issues and ₹5,019 cr for the 2055 issue. The additional competitive underwriting amounts accepted were ₹5,498 cr for the 2029 issue, ₹5,498 cr for the 2033 issue, and ₹4,981 cr for the 2055 issue, bringing total underwritten amounts to the full notified amounts of ₹11,000 cr, ₹11,000 cr and ₹10,000 cr respectively.
The cut‑off rates for underwriting commission payable to primary dealers were fixed at 0.44 paise per ₹100 for the 6.03% GS 2029, 0.34 paise per ₹100 for the 6.68% GS 2033, and 0.62 paise per ₹100 for the 7.24% GS 2055.
Regulatory and Policy Measures
The RBI, through this circular, set the commission cut‑off rates for primary dealers participating in the ACU auction, thereby defining the cost of underwriting for the securities. The auction for the sale of the securities is scheduled to be conducted on the same day, July 17, 2026.
The announcement reflects the RBI’s ongoing role in managing government debt issuance and ensuring orderly market participation by primary dealers.