On September 26, 2025, the Reserve Bank of India conducted an underwriting auction for Additional Competitive Underwriting (ACU) of Government securities, setting cut-off rates for underwriting commissions payable to Primary Dealers. The details are as follows:
- 6.68% GS 2040: Notified amount ₹16,000 crore, Minimum Underwriting Commitment amount ₹8,001 crore, Additional Competitive Underwriting Amount Accepted ₹7,999 crore, Total Amount Underwritten ₹16,000 crore, ACU Commission Cut-off rate 0.38 (Paise per ₹100).
- 6.90% GS 2065: Notified amount ₹16,000 crore, Minimum Underwriting Commitment amount ₹8,001 crore, Additional Competitive Underwriting Amount Accepted ₹7,999 crore, Total Amount Underwritten ₹16,000 crore, ACU Commission Cut-off rate 0.38 (Paise per ₹100).
The auction for the sale of securities will be held on September 26, 2025. Contact: Ajit Prasad, Deputy General Manager (Communications). Press Release: 2025-2026/1174. Website: www.rbi.org.in, email: helpdoc@rbi.org.in, phone: 022-2266 0502.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for setting cut-off rates for underwriting commission payable to Primary Dealers
Government securities: Securities subject to the underwriting auction
Additional Competitive Underwriting (ACU): Auction for Additional Competitive Underwriting of government securities
Primary Dealers: Entities that will receive underwriting commission at the cut-off rates set by the 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
September 26, 2025
Result of Underwriting Auction conducted on September 26, 2025
In the underwriting auction conducted on September 26, 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
Commission
Nomenclature Notified Commitment Underwriting Amount
Cut-off rate
of the Security Amount (MUC) Amount underwritten
(Paise per
(₹ crore) Amount Accepted (₹ crore)
₹10 0)
(₹ crore) (₹ crore)
6.68% GS 2040 16,000 8,001 7,999 16,000 0.38
6.90% GS 2065 16,000 8,001 7,999 16,000 0.38
Auction for the sale of securities will be held on September 26, 2025.
Ajit Prasad
Press Release: 2025-2026/1174 Deputy General Manager
(Communications)