New Delhi, May 7 -- The Government of India is set to conduct an underwriting auction for the sale of Government Securities totalling Rs 34,000 crore on May 08, 2026. This auction focuses on a new issuance designated as "New GS 2036," which the central bank scheduled for Friday.

According to the Reserve Bank of India (RBI), the entire notified amount for the new security is subject to this underwriting process.

"Government of India has announced the sale (issue) of Government Security, as detailed below, through auction to be held on May 08, 2026 (Friday)."

The central bank stated that the underwriting auction will follow a multiple price-based method. This format allows participants to submit bids at different price levels for the lon...