RBI 91-182-364 Day T-Bill Auction Yields

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 2026-2027/1325

Date: October 14, 2026

Policy rates and liquidity

The RBI conducted an auction of Treasury Bills for three tenors on October 14 2026. The total face value notified 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 was 98.5920 for the 91‑day bill, translating to a yield to maturity of 5.7281 %. For the 182‑day bill the cut‑off price was 96.9592, yielding 6.2896 %, and for the 364‑day bill the cut‑off price was 93.9220, yielding 6.4891 %.

Capital markets and flows

The total face value accepted matched the notified amount for each tenor, indicating that the auction was fully subscribed across all three maturities. The full subscription reflects strong investor demand for short‑term government securities at the quoted yields.

The auction results were released by Deputy General Manager (Communications) Ajit Prasad in Press Release 2026‑2027/1325.