Each PD to underwrite minimum INR 8.10 bln of 6.48%, 2035 gilt Friday
This story was originally published at 14:11 IST on 9 April 2026
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--RBI: Each PD to underwrite minimum INR 8.10 bln of 6.48%, 2035 gilt Fri
MUMBAI – The Reserve Bank of India Thursday said each primary dealer must underwrite at least INR 8.10 billion of the 6.48%, 2035 gilt to be auctioned Friday. Primary dealers must also underwrite an additional INR 8.10 billion of the 2035 bond.
The underwriting auction will be held on Friday and bids for the underwriting auction may be submitted from 0900 IST to 0930 IST, the RBI said. The auction will be based on the multiple price method and bids should be submitted through the Core Banking Solution (E-Kuber) System, the central bank said. The government will sell INR 340 billion of the 6.48%, 2035 bond at auction at 1030-1130 IST Friday. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Compiled by Diksha Tripathy
Filed by Aaryan Khanna
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