T-bills October 14: ₹46,725 crore of bids for ₹23,000 crore
Full result of the T-bill auction: ₹23,000 crore raised, bids more than double the amount, and cut-offs of 5.73%, 6.29% and 6.49%.
Official title: Treasury Bills: Full Auction Result · Press Release 2026-2027/1326
What happened
Competitive bids were ₹19,609 crore for the 91-day bill, ₹15,326 crore for the 182-day bill and ₹11,790 crore for the 364-day bill, well above the amounts notified. The cut-off yields were 5.7281%, 6.2896% and 6.4891%; the weighted averages were 5.6964%, 6.2563% and 6.4427%.
Non-competitive bids, including those from retail investors and other eligible bodies, were ₹5,045 crore for the 91-day bill, ₹414 crore for the 182-day bill and ₹370 crore for the 364-day bill. Most were accepted: ₹5,025 crore, ₹400 crore and ₹350 crore. Competitive allotment was ₹7,600 crore, ₹7,600 crore and ₹6,650 crore, and these amounts are in addition to the non-competitive ones.
What it means for you
Retail investors who bid non-competitively received the weighted average yield (for example about 6.44% on the 364-day bill).
What it means for businesses
Strong demand for the shortest bills shows plenty of short-term cash in the market.
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.