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Policy● Neutral for Indian equities
Result of Underwriting Auction conducted on September 25, 2026
The brief
- RBI conducted an additional competitive underwriting auction for a government security on September 25, 2026
- Government-security underwriting activity is relevant to Indian banks and bond-market participants
- India's key-tenor bonds may see relief after October-March supply cut
- Bond ructions point to new danger zone in markets
- Centre cuts FY27 gross borrowing estimate to ₹15.99 lakh crore; H2 bond sales set at ₹7.86 trillion
- Govt Cuts FY27 Market Borrowing Target, Eyes Raising Rs 7.86 Lakh Crore In Second Half
- Centre plans ₹7.86 lakh crore H2FY27 borrowing; full-year target cut