Mumbai, April 2 -- The Reserve Bank of India (RBI) announced the underwriting auction for the sale (re-issue) of Government Securities worth Rs.29,000 crore. The auction includes the re-issuance of Rs.17,000 crore of 6.68% Government Security 2040 and Rs.12,000 crore of 7.43% Government Security 2076. Under the underwriting framework, each Primary Dealer (PD) will have a minimum underwriting commitment of Rs.405 crore and Rs.286 crore, respectively, for the two securities, with equivalent minimum underwriting commitments (MUC) under the Additional Competitive Underwriting (ACU) auction. The underwriting auction will be conducted through a multiple price-based method via RBI's e-Kuber system tomorrow morning.

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