RBI 91-364 Day T-Bill Auction Yields 5.3-5.66%

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: 2026-2027/628

Date: July 08, 2026

Policy Rates and Liquidity

The auction disclosed cut‑off prices of 98.6966 for the 91‑day T‑Bill, 97.3378 for the 182‑day T‑Bill and 94.6575 for the 364‑day T‑Bill. These prices correspond to implicit yields to maturity of 5.2970 %, 5.4851 % and 5.6595 % respectively, indicating the prevailing short‑term interest rate environment as of the auction date.

Capital Markets and Flows

The Reserve Bank of India notified total face values of ₹9,000 crore for the 91‑day, ₹8,000 crore for the 182‑day and ₹7,000 crore for the 364‑day Treasury Bills. All notified amounts were fully accepted, with the accepted face values matching the notified totals. The results were released by Deputy General Manager Ajit Prasad of the Communications Department.

The fully subscribed auction and the disclosed yields reflect the current market demand for government securities and provide a benchmark for short‑term funding costs in the Indian money market.