Underwriting result: dealers cover ₹34,000 crore at 0.38 paise per ₹100
Primary Dealers underwrote the full October 16 bond sale; the extra commission was set at 0.38 paise for every ₹100.
Official title: Result of Underwriting Auction conducted on October 16, 2026 · Press Release 2026-2027/1338
What happened
In the October 16, 2026 underwriting auction, dealers took up ₹16,990 crore of additional underwriting on top of their minimum commitments of ₹17,010 crore, so all ₹34,000 crore of the 6.94% GS 2036 sale was covered.
RBI set the commission cut-off at 0.38 paise per ₹100, meaning ₹3.8 lakh for every ₹10 crore underwritten. This is a routine step before the bond sale held the same day.
What it means for you
No direct effect. It ensures the government bond sale is fully covered.
What it means for businesses
Primary Dealers earn the commission and carry the risk of unsold bonds.
Read the original
Press release on rbi.org.in ↗ Official PDF ↗
This explainer simplifies the official text. If anything here differs from the RBI's release, the release is right.