Document title: Result of Underwriting Auction – RBI
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1372
Date: October 23, 2026
Capital Markets and Flows
The Reserve Bank of India conducted an underwriting auction on October 23, 2026 for Additional Competitive Underwriting (ACU) of two government securities. The 6.53% Government Security maturing in 2031 had a notified amount of ₹19,000 crore, a minimum underwriting commitment (MUC) of ₹9,513 crore, and an additional competitive underwriting amount accepted of ₹9,487 crore, resulting in a total amount underwritten of ₹19,000 crore. The 7.71% Government Security maturing in 2066 had a notified amount of ₹14,000 crore, a minimum underwriting commitment of ₹7,014 crore, and an additional competitive underwriting amount accepted of ₹6,986 crore, also fully underwritten at ₹14,000 crore.
Regulatory and Policy Measures
The RBI set the ACU commission cut‑off rates at 0.69 paise per ₹100 for the 6.53% GS 2031 issue and 0.94 paise per ₹100 for the 7.71% GS 2066 issue. The auction for the sale of these securities was scheduled to be held on the same day, October 23, 2026.
The RBI’s use of the ACU mechanism fully underwrote ₹33,000 crore of government bonds, establishing clear commission rates to facilitate market participation.