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Results of Underwriting Auctions Conducted on July 21, 2023

In the underwriting auctions conducted on July 21, 2023 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:

(₹ crore)
Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
(paise per ₹100)
7.17% GS 2030 7,000 3,507 3,493 7,000 0.23
New GS 2037 12,000 6,006 5,994 12,000 0.24
7.25% GS 2063 12,000 6,006 5,994 12,000 0.43
Auction for the sale of securities will be held on July 21, 2023.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/627

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