RBI set the commission cut-offs for the government securities underwriting auction on June 19.
The Reserve Bank of India has set the cut-off rates for underwriting commissions payable to primary dealers for four government securities in the additional competitive underwriting auction held on June 19, 2026. This process covers securities with a total notified amount of ₹32,000 crore, including bonds maturing in 2029, 2033, 2055, and 2056.
Highlights
- RBI set the underwriting cut-off rates for the 6.03% GS 2029, 6.68% GS 2033, 7.24% GS 2055, and 7.50% GOI SGrB 2056 bonds on June 19, 2026.
- The accepted underwriting amount for each sovereign bond was ₹5,498 crore, ₹5,498 crore, ₹2,480 crore, and ₹2,480 crore, respectively.
- Commission rates on bonds of different maturities—0.50 paise, 0.38 paise, 0.59 paise, and 0.99 paise—reflect differences in market demand, duration risk, and dealer interest.
This article was translated from the original. Read the original version by our correspondent here.
Commission Rates and Security Details of the Auction
According to the press release from the Reserve Bank of India, the cut-off commission rates were set for 6.03% GS 2029, 6.68% GS 2033, 7.24% GS 2055, and 7.50% GOI SGrB 2056 in the additional competitive underwriting auction held on June 19, 2026. The accepted additional competitive underwriting amounts for these securities were ₹5,498 crore, ₹5,498 crore, ₹2,480 crore, and ₹2,480 crore, respectively.The cut-off commission rate was set at 0.50 paise per 100 rupees for 6.03% GS 2029, 0.38 paise for 6.68% GS 2033, 0.59 paise for 7.24% GS 2055, and 0.99 paise for 7.50% GOI SGrB 2056. The total underwritten amount for each security was equal to the notified amount, with ₹11,000 crore for the first two bonds and ₹5,000 crore for the latter two bonds.
Impact on Government Borrowing Program
The minimum underwriting commitment amount was set at ₹5,502 crore for 6.03% GS 2029 and 6.68% GS 2033, while it was ₹2,520 crore for 7.24% GS 2055 and 7.50% GOI SGrB 2056. This indicates that primary dealers provided underwriting support for the remaining portion through competitive bidding.The sale auction for these securities is also scheduled for the same day, providing operational support to the central government’s market borrowing program through the RBI. Different commission rates for securities with varying maturities reflect differences in demand, duration risk, and dealer interest.
In our previous analysis, we discussed the recent decline in USD/INR, technical indicators, and the potential consolidation in the ₹93.86–₹94.88 range. It was also noted that despite short-term pressure, the pair maintains its long-term structure, and oversold indicators suggest a possible rebound, increasing market sensitivity at key levels.
Latest Reserve Bank of India News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
