RBI to conduct Rs 29000 crore G Sec underwriting auction on Friday

Mumbai: The Reserve Bank of India on Thursday announced that the Government of India will conduct an underwriting auction for the sale of government securities worth Rs 29000 crore on January 9 2026.

According to the RBI press release, the auction will cover two securities:
6.68 percent Government Security 2040 for Rs 16000 crore and
6.90 percent Government Security 2065 for Rs 13000 crore.

Under the existing underwriting commitment framework, the minimum underwriting commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for each Primary Dealer have been fixed as follows.

For the 6.68 percent GS 2040, the MUC and ACU commitment per Primary Dealer is Rs 381 crore.
For the 6.90 percent GS 2065, the MUC and ACU commitment per Primary Dealer is Rs 310 crore.

The underwriting auction will be conducted through a multiple price based method. Primary Dealers may submit their bids for the ACU auction electronically through the RBI e Kuber system between 9:00 am and 9:30 am on the auction day.

The RBI further said that the underwriting commission will be credited to the current accounts of the respective Primary Dealers with the central bank on the day of issue of the securities.

The auction forms part of the government’s market borrowing programme and will be closely tracked by bond market participants.