Document title: Treasury Bills: Full Auction Result
Issuing authority: Reserve Bank of India (RBI)
Date: 10 June 2026
Policy rates and liquidity
The RBI conducted a full auction of Treasury Bills in three tenors – 91‑day, 182‑day and 364‑day – with a total notified amount of ₹24,000 crore (₹12,000 crore for 91‑day, ₹6,000 crore each for 182‑day and 364‑day). The cut‑off prices were ₹98.6959, ₹97.3072 and ₹94.4342 respectively, translating to yields (YTM) of 5.2998%, 5.5498% and 5.9100%. The weighted‑average prices were marginally higher at ₹98.6972, ₹97.3074 and ₹94.4383, giving weighted‑average yields of 5.2945%, 5.5494% and 5.9054%.
Capital markets and flows
Competitive bids were received from 126 bidders for the 91‑day, 93 bidders for the 182‑day and 117 bidders for the 364‑day bills, amounting to ₹37,244.800 crore, ₹23,411.250 crore and ₹28,559.000 crore respectively. The RBI accepted competitive bids from 35, 6 and 29 bidders, allocating ₹11,400.000 crore, ₹5,700.000 crore and ₹5,700.000 crore respectively. Partial allotment percentages for the competitive segment were 51.6763% (across 6 bids) for the 91‑day, 87.5000% (1 bid) for the 182‑day and 12.3810% (4 bids) for the 364‑day bills.
Non‑competitive bids were received from 8, 6 and 5 participants for the three tenors, totalling ₹13,919.420 crore, ₹3,111.801 crore and ₹2,814.311 crore. All non‑competitive bids were accepted, with final allotments of ₹13,900.000 crore, ₹3,100.000 crore and ₹2,800.000 crore respectively. The partial allotment percentages for the non‑competitive segment were 96.8648%, 96.2152% and 95.4469% respectively, indicating near‑full allocation.
The auction results demonstrate strong demand for government securities across both competitive and non‑competitive participants, with yields consistent with the RBI’s liquidity management objectives.