Capital Markets and Flows
The RBI conducted an underwriting auction for the Additional Competitive Underwriting (ACU) of a 6.94% Government Security maturing in 2036. The notified amount for the issue was ₹34,000 crore. Primary dealers were required to commit a minimum underwriting amount of ₹17,010 crore. An additional competitive underwriting amount of ₹16,990 crore was accepted, resulting in the total amount underwritten equalling the full notified amount of ₹34,000 crore. The auction for the sale of the security is scheduled to take place on the same day, 03 July 2026.
Regulatory and Policy Measures
The RBI fixed the ACU commission cut‑off rate at 0.30 paise per ₹100 of the security value. This rate applies to the underwriting commission payable to primary dealers participating in the auction.
The RBI’s auction result demonstrates full subscription of the 6.94% GS 2036 issue at the stipulated commission rate, indicating robust primary dealer participation and effective market pricing.