Mumbai, Sept. 1 -- In July, the Reserve Bank of India raised 1.2 lakh crore on behalf of the government through dated securities, the same amount as in June. This included 42,000 crore through new issuances of three securities. The average cut-off yield in July edged up by 3 basis points to 6.54%, compared with 6.51% in June and 6.34% in May. Meanwhile, the average underwriting commission sought by primary dealers for government securities dipped to 0.18 per 100 in July, from 2.72 in June and 4.47 in May. As part of its liquidity injection measures, the RBI conducted two buyback auctions on June 5 and June 12, infusing a total of 49,600 crore into the system. In July, government borrowing through T-bill auctions rose by 22% month-on-month...