Mumbai, April 9 -- The Reserve Bank of India (RBI) on Thursday announced that an underwriting auction for the sale of Government Security amounting to Rs 34,000 crore will be held tomorrow.

According to the RBI, the Government of India has notified the sale (re-issue) of one Government Security through an auction scheduled for tomorrow.

The security on offer is worth Rs 34,000 crore of 6.48 per cent Government Security maturing in 2035, with Minimum Underwriting Commitment (MUC) amount per Primary Dealer (PD) fixed at Rs 810 crore.

Under the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under the Additional Competitive Unde...