Document Title: Treasury Bills: Full Auction Result
Issuing Authority: Reserve Bank of India
Date: 21 October 2026
Capital Markets and Flows
The Reserve Bank of India released the results of its Treasury Bills auction conducted on 21 October 2026 for three tenors: 91‑day, 182‑day and 364‑day bills. The notified amounts were ₹8,000 crore for the 91‑day and 182‑day issues and ₹7,000 crore for the 364‑day issue.
Competitive bids were received from 205 participants, amounting to a total of ₹45,644.6 crore. The number of competitive bids was 67 for the 91‑day, 63 for the 182‑day and 75 for the 364‑day bills, with corresponding bid amounts of ₹15,366.600 crore, ₹18,925.500 crore and ₹11,352.500 crore respectively.
Non‑competitive bids were submitted by 19 participants, totaling ₹15,424.7 crore. The non‑competitive bid count was 10 for the 91‑day, 5 for the 182‑day and 4 for the 364‑day tenors, with bid amounts of ₹12,028.759 crore, ₹1,712.416 crore and ₹1,683.571 crore respectively.
No cut‑off price, yield, or allotment details were disclosed in the release.
In conclusion, the auction attracted substantial demand across all tenors, with competitive bids exceeding the notified amounts by approximately 5.7 times for the 91‑day issue, 2.4 times for the 182‑day issue and 1.6 times for the 364‑day issue, indicating strong market appetite for short‑term government securities.