RBI raises ₹21,000 crore via T-Bill auction

Mumbai

The Reserve Bank of India (RBI) successfully conducted its weekly Treasury Bill (T-Bill) auction, raising ₹21,000 crore through the sale of 91-day, 182-day, and 364-day instruments. The auction drew strong demand, with bids crossing ₹82,000 crore, highlighting investor interest in short-term government securities.

For 91-day T-Bills, RBI received ₹25,879.30 crore in bids against an offer of ₹10,000 crore. Out of this, ₹9,976.47 crore from 54 bids was accepted. The cut-off price was ₹98.6723, offering a yield of 5.3970%, while the weighted average yield stood at 5.3859%.

In the 182-day T-Bill category, ₹6,000 crore was on offer and drew bids of ₹30,191.50 crore. RBI accepted ₹5,992.57 crore from 26 bids, with a cut-off price of ₹97.3210 and a yield of 5.5206%. The weighted average yield was 5.5177%.

For 364-day T-Bills, RBI offered ₹5,000 crore and received ₹26,370 crore in bids. 32 bids worth ₹4,988.96 crore were accepted. The cut-off price was ₹94.7400, yielding 5.5673%, and the average yield stood at 5.5597%.

Partial allotments were made in a few competitive bids: 43% in 91-day, 15.63% in 182-day, and 27.79% in 364-day segments. RBI also accepted non-competitive bids worth ₹16,273.53 crore (91-day), ₹1,007.43 crore (182-day), and ₹163.98 crore (364-day) in full.

The auction supports the government's short-term borrowing plan, managed by RBI through weekly sales.