On November 27, 2025, the Reserve Bank of India issued a press release announcing an underwriting auction for the sale (re-issue) of Government Securities for ₹32,000 crore on November 28, 2025 (Friday). The auction will be conducted through multiple price-based method. Primary Dealers (PDs) may submit bids for the Additional Competitive Underwriting (ACU) auction electronically via the Reserve Bank of India Core Banking Solution (e-Kuber system) between 09:00 A.M. and 09:30 A.M. on the day of the underwriting auction. The amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under ACU auction, applicable to each Primary Dealer (PD) are as follows:
* 5.91% GS 2028: Notified Amount 9,000, MUC amount per PD 215, Minimum bidding commitment per PD under ACU auction 215
* 6.28% GS 2032: Notified Amount 11,000, MUC amount per PD 262, Minimum bidding commitment per PD under ACU auction 262
* 7.24% GS 2055: Notified Amount 7,000, MUC amount per PD 167, Minimum bidding commitment per PD under ACU auction 167
* 6.98% GOI SGrB 2054: Notified Amount 5,000, MUC amount per PD 120, Minimum bidding commitment per PD under ACU auction 120
The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of the issue of securities. For more information, contact Ajit Prasad, Deputy General Manager (Communications). Press Release number: 2025-2026/1572. The RBI's website is www.rbi.org.in, and the email address is helpdoc@rbi.org.in. The phone number is 022-2266 0502.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for conducting the underwriting auction.
Government Securities: Securities being auctioned, including details of their terms and maturity.
Minimum Underwriting Commitment (MUC): Minimum commitment required for the underwriting auction.
Additional Competitive Underwriting (ACU): Auction for Primary Dealers for underwriting.
Primary Dealer (PD): Entities eligible to participate in the auction.
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 27, 2025
Underwriting Auction for sale of Government Securities for ₹32,000 crore
on November 28, 2025
Government of India has announced the sale (re-issue) of Government Securities, as
detailed below, through auction to be held on November 28, 2025 (Friday).
As per the extant scheme of underwriting commitment notified on November 14, 2007,
the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding
commitment under Additional Competitive Underwriting (ACU) auction, applicable to each
Primary Dealer (PD), are as under:
(₹ crore)
Minimum bidding
Notified MUC amount per
Security commitment per PD
Amount PD
under ACU auction
5.91% GS 2028 9,000 215 215
6.28% GS 2032 11,000 262 262
7.24% GS 2055 7,000 167 167
6.98% GOI SGrB 2054 5,000 120 120
The underwriting auction will be conducted through multiple price-based method on
November 28, 2025 (Friday). PDs may submit their bids for ACU auction electronically
through the Reserve Bank of India Core Banking Solution (e-Kuber system) between
09:00 A.M. and 09:30 A.M. on the day of underwriting auction.
The underwriting commission will be credited to the current account of the respective
PDs with RBI on the day of issue of securities.
Ajit Prasad
Press Release: 2025-2026/1572 Deputy General Manager
(Communications)