OREANDA-NEWS. June 23, 2011. In the auctions conducted on June 23, 2011 auctions for "7.59 per cent Government Stock 2016", "8.08 per cent Government Stock 2022" and "8.28 per cent Government Stock 2032"for Additional Competitive Underwriting (ACU) of the captioned securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

crore)

Nomenclature of the Security

Notified Amount

Minimum Underwriting Commitment (MUC) Amount

Additional Competitive Underwriting Amount Accepted

Total Amount underwritten

ACU Commission Cut-off rate (paise per 100)

7.59% GS 2016

3000

1512

1488

3000

0.54

8.08% GS 2022

6000

3003

2997

6000

0.43

8.28% GS 2032

3000

1512

1488

3000

0.68

Auction for the sale of securities will be held on June 24, 2011.