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(07/05/2026 15:38)

RBI to Conduct Underwriting Auction for Rs 34,000 Crore Government Security on May 8

The Government of India has announced an underwriting auction for the sale of a new Government Security (GS) 2036 worth Rs 34,000 crore, scheduled to be held on May 08, 2026.

As per the existing underwriting framework, the Minimum Underwriting Commitment (MUC) for each Primary Dealer (PD) has been fixed at Rs 810 crore, while the minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction has also been set at Rs 810 crore per PD.

The underwriting auction will be conducted through a multiple price-based method. Primary Dealers can submit bids electronically via the RBI’s e-Kuber system between 9:00 AM and 9:30 AM on May 08.

The underwriting commission will be credited to the respective PDs’ current accounts with the Reserve Bank of India on the day the security is issued.
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