RBI to Hold Underwriting Auction for ₹32,000 Crore Government Securities Sale Tomorrow
The RBI announced an underwriting auction on Nov 28, 2025, for the ₹32,000 crore sale of four Government Securities, including 5.91% GS 2028 and 6.28% GS 2032.
The Reserve Bank of India (RBI) announced on November 27, 2025, that it will conduct an Underwriting Auction for the sale (re-issue) of Government Securities (GS) totaling ₹32,000 crore. This auction is scheduled for November 28, 2025 (Friday) and utilizes the underwriting mechanism to ensure the successful placement of the government's borrowing program with Primary Dealers (PDs).
The total amount is spread across four securities: 5.91% GS 2028 (₹9,000 crore), 6.28% GS 2032 (₹11,000 crore), 7.24% GS 2055 (₹7,000 crore), and 6.98% GOI SGrB 2054 (₹5,000 crore). Each Primary Dealer is assigned a Minimum Underwriting Commitment (MUC) and a corresponding minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction, with the total minimum commitment across the four tranches amounting to ₹764 crore per PD.
The underwriting auction will be a multiple price-based method, and PDs must submit their ACU bids electronically through the RBI's e-Kuber system between 09:00 A.M. and 09:30 A.M. on the day of the auction, with the earned commission credited to their RBI current accounts upon the issue of securities.