**Summary:**
On August 29, 2025, the Reserve Bank of India (RBI) conducted an underwriting auction for Additional Competitive Underwriting (ACU) of government securities. The auction results determined the cutoff rates for underwriting commission payable to Primary Dealers.
The RBI set the following cutoff rates:
* **6.68 GS 2040:** Underwritten amount of ₹16,000 crore, Minimum Underwriting Commitment (MUC) amount of ₹8,001 crore, Additional Competitive Underwriting amount of ₹7,999 crore. The underwriting commission cutoff rate was set at 2 paise per crore.
* **6.90 GS 2065:** Underwritten amount of ₹16,000 crore, Minimum Underwriting Commitment (MUC) amount of ₹8,001 crore, Additional Competitive Underwriting amount of ₹7,999 crore. The underwriting commission cutoff rate was set at 3.50 paise per crore.
The auction pertains to the sale of securities scheduled for August 29, 2025.
For further information, contact:
Ajit Prasad
Deputy General Manager
Department of Communication, Central Office
Reserve Bank of India
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 the subject of the underwriting auction.
Primary Dealers: Entities eligible to receive underwriting commission for underwriting government securities.
Additional Competitive Underwriting ACU: A mechanism used in the underwriting auction of government securities.
6.68 GS 2040: Government Security maturing in 2040 with a coupon rate of 6.68%.
6.90 GS 2065: Government Security maturing in 2065 with a coupon rate of 6.90%.
Mumbai, Maharashtra: City in India where Reserve Bank of India Central Office is located.
Ajit Prasad: Deputy General Manager, Communications at Reserve Bank of India.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
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 29, 2025
Result of Underwriting Auction conducted on August 29, 2025
In the underwriting auction conducted on August 29, 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
Underwriting Competitive
Total Amount Commission
Nomenclature of Notified Commitment Underwriting
underwritten Cut-off rate
the Security Amount (MUC) Amount
(₹ crore) (Paise per
(₹ crore) Amount Accepted
₹10 0)
(₹ crore) (₹ crore)
6.68% GS 2040 16,000 8,001 7,999 16,000 2
6.90% GS 2065 16,000 8,001 7,999 16,000 3.50
Auction for the sale of securities will be held on August 29, 2025.
Ajit Prasad
Press Release: 2025-2026/995 Deputy General Manager
(Communications)