RBI sets cut-off rates in September 12 underwriting auction
The Reserve Bank of India (RBI) announced results of its Sept 12 underwriting auction for government securities. For the 2030 bond, cut-off commission was 0.49 paise per ₹100, while for the 2055 bond it stood at 0.70 paise. The process, conducted under the Additional Competitive Underwriting (ACU) mechanism, ensures smooth subscription of government borrowing needs.