RBI T‑Bill Auction Yields 5.93‑6.69%

Document Title: 91-Day, 182-Day and 364-Day T‑Bill Auction Result: Cut‑off

Issuing Authority: Reserve Bank of India (RBI)

Reference Number: Press Release 2026-2027/1398

Date: 28 October 2026

Capital Markets and Flows

The RBI conducted an auction of Treasury bills with tenors of 91 days, 182 days and 364 days. For each tenor the total face value offered was ₹8,000 crore for the 91‑day and 182‑day bills and ₹7,000 crore for the 364‑day bill. The cut‑off price for the 91‑day bill was 98.5422, which corresponds to an implicit yield to maturity of 5.9337 %. The 182‑day bill closed at a cut‑off price of 96.8376, yielding 6.5493 %. The 364‑day bill’s cut‑off price was 93.7456, delivering a yield of 6.6900 %. Ajit Prasad, Deputy General Manager, signed the release.

The auction results indicate yields ranging from 5.93 % to 6.69 % across the three tenors, reflecting market pricing for short‑term government securities as of late October 2026.