Press release 🌐 Macro 🌍 India

RBI Sets ₹33,000 Crore Underwriting Auction for GS 2031 and 2066 Bonds

The RBI will conduct an underwriting auction for ₹19,000 crore of 6.53% GS 2031 and ₹14,000 crore of 7.71% GS 2066 bonds on October 23, 2026, via the e-Kuber system.

🕐 1 min read

2 assets impacted. Net bias: 0 Bullish, 0 Bearish, 2 Neutral. Strongest signal: 6.53% GS 2031 → 2/10 (70% confidence).

📊 Affected Assets (2)

6.53% GS 2031
Neutral 🤖 70%
📅 Short-term 🌍 IN · Explicit

RBI announces underwriting auction for re-issue of 6.53% GS 2031 with notified amount of ₹19,000 crore.

7.71% GS 2066
Neutral 🤖 70%
📅 Short-term 🌍 IN · Explicit

RBI announces underwriting auction for re-issue of 7.71% GS 2066 with notified amount of ₹14,000 crore.

🎯 Key Takeaways

  • RBI to auction underwriting commitments for two government securities totaling ₹33,000 crore.
  • Primary Dealers must submit bids via the e-Kuber system between 09:00 A.M. and 09:30 A.M. on October 23, 2026.
  • Underwriting commissions will be credited to Primary Dealers' current accounts upon the issuance of the securities.

📝 Executive Summary

The Reserve Bank of India has scheduled an underwriting auction for October 23, 2026, covering the re-issue of 6.53% GS 2031 and 7.71% GS 2066 securities. The auction, totaling ₹33,000 crore in notified amounts, will utilize a multiple price-based method to determine underwriting commitments for Primary Dealers.

❓ FAQ

What is the purpose of the RBI underwriting auction?

The auction determines the underwriting commitment of Primary Dealers for the re-issue of government securities, ensuring the successful subscription of the notified amounts.