What changed

The Reserve Bank of India published auction results for Additional Competitive Underwriting (ACU) of two government securities totaling ₹29,000 crore. For 6.68% GS 2040, the entire ₹17,000 crore was underwritten with a cut-off rate of 7.40 paise per ₹100. For 7.43% GS 2076, the entire ₹12,000 crore was underwritten with a cut-off rate of 10.10 paise per ₹100. Minimum Underwriting Commitment amounts of ₹8,505 crore and ₹6,006 crore were accepted respectively.\n\nThis is a routine market operation announcement with no new regulatory obligations. Primary Dealers should be aware of the set commission rates for their participation in future ACU auctions. No compliance actions are required as this document reflects completed auction results rather than creating new requirements.

Source document (simplified)

Press Releases

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| Date : Apr 02, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | |
| Result of Underwriting Auction conducted on April 02, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| In the underwriting auction conducted on April 02, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

\| Nomenclature of the Security \| Notified Amount
(₹ crore) \| Minimum Underwriting Commitment (MUC) Amount
(₹ crore) \| Additional Competitive Underwriting Amount Accepted
(₹ crore) \| Total Amount underwritten
(₹ crore) \| ACU Commission Cut-off rate
(paise per ₹100) \|
\| 6.68% GS 2040 \| 17,000 \| 8,505 \| 8,495 \| 17,000 \| 7.40 \|
\| 7.43% GS 2076 \| 12,000 \| 6,006 \| 5,994 \| 12,000 \| 10.10 \|
\| Auction for the sale of securities will be held on April 02, 2026. \| \| \| \| \| \|
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/10 | Nomenclature of the Security | Notified Amount
(₹ crore) | Minimum Underwriting Commitment (MUC) Amount
(₹ crore) | Additional Competitive Underwriting Amount Accepted
(₹ crore) | Total Amount underwritten
(₹ crore) | ACU Commission Cut-off rate
(paise per ₹100) | 6.68% GS 2040 | 17,000 | 8,505 | 8,495 | 17,000 | 7.40 | 7.43% GS 2076 | 12,000 | 6,006 | 5,994 | 12,000 | 10.10 | Auction for the sale of securities will be held on April 02, 2026. | | | | | |
| Nomenclature of the Security | Notified Amount
(₹ crore) | Minimum Underwriting Commitment (MUC) Amount
(₹ crore) | Additional Competitive Underwriting Amount Accepted
(₹ crore) | Total Amount underwritten
(₹ crore) | ACU Commission Cut-off rate
(paise per ₹100) | | | | | | | | | | | | | | | | | | | |
| 6.68% GS 2040 | 17,000 | 8,505 | 8,495 | 17,000 | 7.40 | | | | | | | | | | | | | | | | | | | |
| 7.43% GS 2076 | 12,000 | 6,006 | 5,994 | 12,000 | 10.10 | | | | | | | | | | | | | | | | | | | |
| Auction for the sale of securities will be held on April 02, 2026. | | | | | | | | | | | | | | | | | | | | | | | | | | In the underwriting auction conducted on April 02, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

| Nomenclature of the Security | Notified Amount
(₹ crore) | Minimum Underwriting Commitment (MUC) Amount
(₹ crore) | Additional Competitive Underwriting Amount Accepted
(₹ crore) | Total Amount underwritten
(₹ crore) | ACU Commission Cut-off rate
(paise per ₹100) |
| 6.68% GS 2040 | 17,000 | 8,505 | 8,495 | 17,000 | 7.40 |
| 7.43% GS 2076 | 12,000 | 6,006 | 5,994 | 12,000 | 10.10 |
| Auction for the sale of securities will be held on April 02, 2026. | | | | | |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/10 | Nomenclature of the Security | Notified Amount
(₹ crore) | Minimum Underwriting Commitment (MUC) Amount
(₹ crore) | Additional Competitive Underwriting Amount Accepted
(₹ crore) | Total Amount underwritten
(₹ crore) | ACU Commission Cut-off rate
(paise per ₹100) | 6.68% GS 2040 | 17,000 | 8,505 | 8,495 | 17,000 | 7.40 | 7.43% GS 2076 | 12,000 | 6,006 | 5,994 | 12,000 | 10.10 | Auction for the sale of securities will be held on April 02, 2026. | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| In the underwriting auction conducted on April 02, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

| Nomenclature of the Security | Notified Amount
(₹ crore) | Minimum Underwriting Commitment (MUC) Amount
(₹ crore) | Additional Competitive Underwriting Amount Accepted
(₹ crore) | Total Amount underwritten
(₹ crore) | ACU Commission Cut-off rate
(paise per ₹100) |
| 6.68% GS 2040 | 17,000 | 8,505 | 8,495 | 17,000 | 7.40 |
| 7.43% GS 2076 | 12,000 | 6,006 | 5,994 | 12,000 | 10.10 |
| Auction for the sale of securities will be held on April 02, 2026. | | | | | |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/10 | Nomenclature of the Security | Notified Amount
(₹ crore) | Minimum Underwriting Commitment (MUC) Amount
(₹ crore) | Additional Competitive Underwriting Amount Accepted
(₹ crore) | Total Amount underwritten
(₹ crore) | ACU Commission Cut-off rate
(paise per ₹100) | 6.68% GS 2040 | 17,000 | 8,505 | 8,495 | 17,000 | 7.40 | 7.43% GS 2076 | 12,000 | 6,006 | 5,994 | 12,000 | 10.10 | Auction for the sale of securities will be held on April 02, 2026. | | | | | | |
| Nomenclature of the Security | Notified Amount
(₹ crore) | Minimum Underwriting Commitment (MUC) Amount
(₹ crore) | Additional Competitive Underwriting Amount Accepted
(₹ crore) | Total Amount underwritten
(₹ crore) | ACU Commission Cut-off rate
(paise per ₹100) | | | | | | | | | | | | | | | | | | | | |
| 6.68% GS 2040 | 17,000 | 8,505 | 8,495 | 17,000 | 7.40 | | | | | | | | | | | | | | | | | | | | |
| 7.43% GS 2076 | 12,000 | 6,006 | 5,994 | 12,000 | 10.10 | | | | | | | | | | | | | | | | | | | | |
| Auction for the sale of securities will be held on April 02, 2026. | | | | | | | | | | | | | | | | | | | | | | | | | |