The RBI auctioned 91-day, 182-day, and 364-day Treasury Bills, raising ₹23,000 crore. Cut-off yields ranged from 5.7281% to 6.4891%, reflecting stable investor appetite.
Full Results of T-Bill Auction
The Reserve Bank of India conducted a full auction of Treasury Bills on October 15, 2026, raising a total of ₹23,000 crore across three tenors. The notified amounts were ₹8,000 crore for 91-day and 182-day bills, and ₹7,000 crore for 364-day bills. Competitive bids received totaled ₹19,609.165 crore (91-day), ₹15,326 crore (182-day), and ₹11,790 crore (364-day), indicating strong market participation.
The cut-off prices were ₹98.5920 (91-day, YTM 5.7281%), ₹96.9592 (182-day, YTM 6.2896%), and ₹93.9220 (364-day, YTM 6.4891%). All notified amounts were fully accepted. The auction demonstrated robust investor confidence in government securities despite prevailing interest rate levels.
Implication for practitioners: The yields align closely with secondary market benchmarks, suggesting efficient price discovery. Treasury managers and institutional investors may use these rates as reference points for short- to medium-term funding and investment decisions.
