On November 07, 2025, the Reserve Bank of India conducted an underwriting auction for Additional Competitive Underwriting (ACU) of Government security.
The cut-off rates for underwriting commission payable to Primary Dealers is specified for the following security: 6.48% GS 2035, with a notified amount of ₹32,000 crore, a Minimum Underwriting Commitment (MUC) Amount of ₹16,002 crore, an Additional Competitive Underwriting Amount Accepted of ₹15,998 crore, a Total Amount underwritten of ₹32,000 crore, and an ACU Commission Cut-off rate of 0.23 (Paise per ₹100).
The auction for the sale of security will be held on November 07, 2025.
This press release is numbered 2025-2026/1459. For communication, contact Ajit Prasad, Deputy General Manager (Communications). The Department of Communication is located at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. The phone number is 022 - 2266 0502. The website is www.rbi.org.in and the email is helpdoc@rbi.org.in.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for the underwriting auction and setting cut-off rates.
6.48% GS 2035: Government security being auctioned with a coupon rate of 6.48% maturing in 2035.
Additional Competitive Underwriting (ACU): The specific type of underwriting being auctioned by the RBI.
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
November 07, 2025
Result of Underwriting Auction conducted on November 07, 2025
In the underwriting auction conducted on November 07, 2025, for Additional
Competitive Underwriting (ACU) of the undernoted Government security, the Reserve
Bank of India has set the cut-off rates for underwriting commission payable to Primary
Dealers as given below:
Additional
Minimum ACU
Competitive Total
Underwriting Commission
Nomenclature Notified Underwriting Amount
Commitment Cut-off rate
of the Security Amount Amount underwritten
(MUC) Amount (Paise per
(₹crore) Accepted (₹crore)
(₹crore) ₹10 0)
(₹crore)
6.48% GS 2035 32,000 16,002 15,998 32,000 0.23
Auction for the sale of security will be held on November 07, 2025.
Ajit Prasad
Press Release: 2025-2026/1459 Deputy General Manager
(Communications)