Mumbai, July 4 -- The Reserve Bank of India (RBI) has announced an underwriting auction for the sale of government securities worth Rs 32,000 crore on Friday.

The auction will cover both issue of new government security and the re-issue of an existing one.

"The underwriting auction will be conducted through multiple price-based method on July 04, 2025 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E-Kuber) System," the RBI said.

The securities include a new Government Security (GS) maturing in 2040 and a re-issue of the 6.90 per cent GS maturing in 2065, each carrying a notified amount of Rs 16,000 crore. These bonds will be sold through a competitive bidding process involving Primary ...