This press release from the Reserve Bank of India, dated December 19, 2025, announces the results of an underwriting auction conducted on the same day for Additional Competitive Underwriting (ACU) of Government securities. The cut-off rates for underwriting commissions payable to Primary Dealers have been set as follows:
* 6. 01% GS 2030: Notified Amount ₹18,000 crore, Minimum Underwriting Commitment (MUC) Amount ₹9,009 crore, Additional Competitive Underwriting Amount Accepted ₹8,991 crore, Total Amount underwritten ₹18,000 crore, ACU Commission Cut-off rate 0.29 Paise per ₹100.
* 7. 09% GS 2074: Notified Amount ₹12,000 crore, Minimum Underwriting Commitment (MUC) Amount ₹6,006 crore, Additional Competitive Underwriting Amount Accepted ₹5,994 crore, Total Amount underwritten ₹12,000 crore, ACU Commission Cut-off rate 1.19 Paise per ₹100.
The auction for the sale of these securities will be held on December 19, 2025. Contact person: Ajit Prasad, Deputy General Manager (Communications). The press release number is 2025-2026/1735. The Department of Communication can be contacted at its central office in Mumbai (400 001) at 022 - 2266 0502.
Key Entities Referenced
Reserve Bank of India: Sets cut-off rates for underwriting commissions in the underwriting auction.
Underwriting Auction: Auction conducted for Additional Competitive Underwriting (ACU) of Government securities.
Mumbai: Location of the Central Office, Department of Communication.
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
December 19, 2025
Result of Underwriting Auction conducted on December 19, 2025
In the underwriting auction conducted on December 19, 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
g Total Amount
Nomenclature of Notified Underwriting n Cut-off
Commitmen underwritten
the Security Amount Amount rate
t (MUC) (₹crore)
(₹crore) Accepted (Paise per
Amount
(₹crore) ₹10 0)
(₹crore)
6.01% GS 2030 18,000 9,009 8,991 18,000 0.29
7.09% GS 2074 12,000 6,006 5,994 12,000 1.19
Auction for the sale of securities will be held on December 19, 2025.
Ajit Prasad
Press Release: 2025-2026/1735 Deputy General Manager
(Communications)