Press release 🌐 Macro 🌍 India

RBI Sets ₹34,000 Crore Underwriting Auction for 6.94% GS 2036 Bonds

The RBI will conduct a multiple price-based underwriting auction for ₹34,000 crore of 6.94% GS 2036 bonds on October 16, 2026, requiring Primary Dealers to manage specific bidding commitments.

🕐 1 min read

1 assets impacted. Net bias: 0 Bullish, 0 Bearish, 1 Neutral. Strongest signal: 6.94% GS 2036 → 3/10 (65% confidence).

📊 Affected Assets (1)

6.94% GS 2036
Neutral 🤖 65%
📅 Short-term 🌍 IN · Explicit

RBI announced underwriting auction for re-issue of 6.94% GS 2036 for ₹34,000 crore, indicating government borrowing activity.

🎯 Key Takeaways

  • RBI to auction ₹34,000 crore in 6.94% GS 2036 bonds via re-issue.
  • Primary Dealers face a Minimum Underwriting Commitment of ₹810 crore each.
  • Bidding window for the Additional Competitive Underwriting auction opens at 09:00 A.M. on October 16.

📝 Executive Summary

The Reserve Bank of India has scheduled an underwriting auction for the re-issue of 6.94% GS 2036 securities totaling ₹34,000 crore. Primary Dealers must submit bids via the e-Kuber system on October 16, 2026, to fulfill their underwriting commitments.

❓ FAQ

What is the purpose of the RBI underwriting auction?

The auction ensures that Primary Dealers commit to underwriting the government's debt issuance, providing stability and liquidity to the bond market during the re-issue process.