Result of Underwriting Auction conducted on November 06, 2026
RBI - Press Releases · Published 6 November 2026 · Last updated
The Reserve Bank of India conducted an underwriting auction on November 06, 2026, setting commission cut-off rates for Primary Dealers to ensure the successful reissue of government securities worth ₹36,000 crore.
Key points
- The Reserve Bank of India conducted an underwriting auction on November 06, 2026, for Additional Competitive Underwriting of specified Government securities.
- The total notified amount for the government securities auction on November 06, 2026, is ₹36,000 crore.
- The offering includes two specific securities: 7.06% GS 2041 with a notified amount of ₹23,000 crore and 7.43% GS 2076 with a notified amount of ₹13,000 crore.
- For the 7.06% GS 2041 security, the Minimum Underwriting Commitment (MUC) amount is ₹11,508 crore and the accepted Additional Competitive Underwriting (ACU) amount is ₹11,492 crore.
- For the 7.43% GS 2076 security, the Minimum Underwriting Commitment (MUC) amount is ₹6,510 crore and the accepted Additional Competitive Underwriting (ACU) amount is ₹6,490 crore.
- The cut-off rate for underwriting commission payable to Primary Dealers was set at 0.74 paise per ₹100 for the 7.06% GS 2041 security.
- The cut-off rate for underwriting commission payable to Primary Dealers was set at 1.14 paise per ₹100 for the 7.43% GS 2076 security.
- Primary Dealers submitted their electronic bids for the ACU auction via the RBI's e-Kuber system between 09:00 A.M. and 09:30 A.M. on November 06, 2026.
- The underwriting commission is credited to the current account of the respective Primary Dealers with the RBI on the issue date of the securities.
Background
- The Government of India routinely manages its sovereign borrowing programme through the reissue of existing government securities via auctions conducted by the Reserve Bank of India.
- Primary Dealers act as vital intermediaries in the government securities market, underwriting debt issuances to ensure complete subscription and market liquidity.
- The Reserve Bank of India utilizes the Core Banking Solution platform known as e-Kuber for conducting electronic auctions and bidding processes for government securities and underwriting commitments.
- Underwriting auctions involve a dual commitment structure consisting of a Minimum Underwriting Commitment (MUC) required of Primary Dealers and Additional Competitive Underwriting (ACU) bids.
UPSC relevance, Prelims facts and Mains angle for this issue are in the full SWAदेSH note.
Original report: RBI - Press Releases