RBI to conduct underwriting auction for Rs 34,000 cr government security on July 3

India, July 2 -- The Reserve Bank of India (RBI) will conduct an underwriting auction on July 3, 2026, for the re-issue of the 6.94% Government Security (GS) 2036 with a notified amount of Rs 34,000 crore.

Under the existing underwriting framework for Primary Dealers (PDs), the Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction have been fixed at ?810 crore per PD.

The underwriting auction will be conducted using the multiple price-based method, with Primary Dealers required to submit their ACU bids electronically through the RBI's e-Kuber system between 9:00 a.m. and 9:30 a.m. on July 3.

The RBI said the underwriting commission will be credited to the curr...