Business News | RBI Auction Sees Full Subscription for Rs 28,000 Crore Government Securities
Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) on Friday said the government's auction of two dated securities worth Rs 28,000 crore received full subscription, with the entire notified amount accepted and no devolvement on Primary Dealers, after earlier announcing the underwriting commission cut-off rates for the securities.
New Delhi [India], July 24 (ANI): The Reserve Bank of India (RBI) on Friday said the government's auction of two dated securities worth Rs 28,000 crore received full subscription, with the entire notified amount accepted and no devolvement on Primary Dealers, after earlier announcing the underwriting commission cut-off rates for the securities.
In a separate release issued before the auction results, the RBI had said, "In the underwriting auction conducted on July 24, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rate for underwriting commission payable to Primary Dealers."
Also Read | TikTok Accused of Violating EU Online Safety Rules for Minors.
According to the auction results released later, the RBI accepted the full Rs 17,000 crore notified amount for the New GS 2041 security and the entire Rs 11,000 crore notified amount for the 7.43% GS 2076 security. It also said "Devolvement on Primary Dealers" was "NIL" for both securities.
The RBI said the cut-off yield for the new GS 2041 security was 7.06 per cent, while the 7.43% GS 2076 bond was accepted at a cut-off price of Rs 97.55, corresponding to an implicit yield of 7.6212 per cent.
Also Read | PM Kisan 24th Instalment Date 2026: Complete E-KYC and Bank Seeding Now To Avoid Delays.
Ahead of the auction, the central bank had fixed the underwriting commission cut-off rate at 0.74 paise per Rs 100 for the New GS 2041 security and 0.98 paise per Rs 100 for the 7.43% GS 2076 security under the Additional Competitive Underwriting (ACU) auction.
The RBI had also said the underwriting covered the entire notified amounts of both securities. For the New GS 2041 bond, the Minimum Underwriting Commitment (MUC) was Rs 8,505 crore, and the Additional Competitive Underwriting amount accepted was Rs 8,495 crore. For the 7.43% GS 2076 bond, the MUC stood at Rs 5,502 crore, while the Additional Competitive Underwriting amount accepted was Rs 5,498 crore.
The announcements were made through separate RBI press releases issued by the Department of Communication. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)