Mumbai, July 5: The Reserve Bank of India (RBI) has notified an underwriting auction for government securities worth ₹32,000 crore. The auction includes a new bond maturing in 2040 and a re-issue of the 6.90% bond maturing in 2065, each valued at ₹16,000 crore.Primary dealers must submit bids through the RBI’s E-Kuber system. They are required to underwrite a minimum of ₹381 crore for each bond and can place additional competitive bids.
The move is part of the government’s borrowing plan to raise funds for public spending. The auction ensures the full amount is raised even if market demand is low, as dealers will purchase any unsold bonds.