T-bills (Oct 7): 91-day at 5.57%, one-year at 6.29%
The October 7 Treasury bill auction raised ₹23,000 crore at cut-off yields of 5.57%, 6.10% and 6.29% for 91, 182 and 364 days.
Official title: 91-Day, 182-Day and 364-Day T-Bill Auction Result: Cut-off · Press Release 2026-2027/1268
What happened
On October 7, 2026 the government raised the full ₹23,000 crore it sought through Treasury bills: ₹8,000 crore (91-day), ₹8,000 crore (182-day) and ₹7,000 crore (364-day). The cut-off yields were 5.5747%, 6.0999% and 6.2869%.
In plain terms the government will pay about 5.6% a year for three months, 6.1% for six months and 6.3% for a year. All three rates are higher than a week earlier (5.52%, 5.96%, 6.18%). Routine weekly auction.
What it means for you
If you buy T-bills via RBI Retail Direct, you earn these yields. They also hint at where short-term deposit rates stand.
What it means for businesses
Banks and companies use T-bill yields as the safe short-term rate. They rose slightly this week.
Read the original
Press release on rbi.org.in ↗ Official PDF ↗
This explainer simplifies the official text. If anything here differs from the RBI's release, the release is right.