On October 16, 2026, the Reserve Bank of India conducted an Additional Competitive Underwriting (ACU) auction for the re-issue of a government security worth ₹34,000 crore. The cut-off rate for underwriting commission payable to Primary Dealers was set based on competitive bidding.
Underwriting Auction Outcome
The Reserve Bank of India (RBI) announced the results of the Additional Competitive Underwriting (ACU) auction conducted on October 16, 2026, for the re-issuance of a Government Security with a notified amount of ₹34,000 crore. The cut-off rate for the underwriting commission payable to Primary Dealers (PDs) was determined following competitive bidding, in accordance with the extant scheme of Underwriting Commitment notified on November 14, 2007.
The auction forms part of the government's broader borrowing program, with PDs required to meet Minimum Underwriting Commitment (MUC) thresholds. The re-issued security falls under the regular auction calendar managed by the RBI on behalf of the Government of India. Detailed results, including accepted bids and commission rates, were published post-auction.
Market Implications
Primary Dealers and institutional investors use such auctions to assess government borrowing patterns and liquidity management. The outcome of this auction may influence yields in the government securities market and signal investor appetite for long-term sovereign debt. Market participants should monitor subsequent trade volumes and secondary market movements.