Document title: 91-Day, 182-Day and 364-Day T-Bill Auction Result: Cut-off
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1268
Date: 07 October 2026
Policy Rates and Liquidity
The RBI conducted an auction of Treasury Bills with tenors of 91, 182 and 364 days. The cut‑off price for the 91‑day bill was 98.6292, implying a yield to maturity of 5.5747 %. For the 182‑day bill the cut‑off price was 97.0482, yielding 6.0999 %. For the 364‑day bill the cut‑off price was 94.1002, yielding 6.2869 %. These yields reflect the prevailing market rates for short‑term sovereign debt.
Capital Markets and Flows
The total face value notified for the 91‑day and 182‑day bills was ₹8,000 crore each, and for the 364‑day bill ₹7,000 crore. The auction was fully subscribed, with the total face value accepted matching the notified amounts for all three tenors. The result indicates strong demand for RBI Treasury Bills across the short‑term spectrum.
The RBI’s auction results demonstrate robust investor appetite for short‑term government securities, with yields ranging from 5.57 % to 6.29 % and full subscription of the offered volumes.