**Summary:**
On August 8, 2025, the Reserve Bank of India (RBI) conducted an underwriting auction for Additional Competitive Underwriting (ACU) of government securities. The auction results indicate the cutoff rates for underwriting commission payable to Primary Dealers.
For the 6.28 GS 2032 security, the notified amount was ₹11,000 crore. The minimum underwriting commitment (MUC) accepted was ₹5,502 crore, with an additional ₹5,498 crore underwritten, bringing the total amount underwritten to ₹11,000 crore. The cutoff rate for the underwriting commission was set at 0.16 paise per crore.
For the 7.09 GS 2074 security, the notified amount was ₹14,000 crore. The MUC accepted was ₹7,014 crore, with an additional ₹6,986 crore underwritten, resulting in a total amount underwritten of ₹14,000 crore. The cutoff rate for the underwriting commission was set at 0.45 paise per crore.
The auction for the sale of these securities will be held on August 08, 2025.
For further information, contact Ajit Prasad, Deputy General Manager, Communications, Reserve Bank of India, Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. Phone: 022 2266 0502. Email: helpdoc@rbi.org.in. Website: www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for conducting the underwriting auction.
Government securities: Securities issued by the government, which are being underwritten in the auction.
Primary Dealers: Financial institutions that participate in the underwriting auction and receive underwriting commission.
Additional Competitive Underwriting (ACU): The type of underwriting being auctioned for the government securities.
Mumbai, Maharashtra: City in India, location of the Reserve Bank of India's Department of Communication.
6.28 GS 2032: Nomenclature of one of the Government securities being underwritten, maturing in 2032.
7.09 GS 2074: Nomenclature of one of the Government securities being underwritten, maturing in 2074.
Ajit Prasad: Deputy General Manager, Communications, Reserve Bank of India
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
August 08, 2025
Result of Underwriting Auction conducted on August 08, 2025
In the underwriting auction conducted on August 08, 2025, for Additional Competitive
Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has
set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
Minimum
Additional ACU
Underwritin
Competitive Commissio
Notified g Total Amount
Nomenclature of Underwriting n Cut-off
Amount Commitmen underwritten
the Security Amount rate
(₹ t (MUC) (₹ crore)
Accepted (Paise per
crore) Amount
(₹ crore) ₹10 0)
(₹ crore)
6.28% GS 2032 11,000 5,502 5,498 11,000 0.16
7.09% GS 2074 14,000 7,014 6,986 14,000 0.45
Auction for the sale of securities will be held on August 08, 2025.
Ajit Prasad
Press Release: 2025-2026/864 Deputy General Manager
(Communications)