RBI T-Bill auction sees strong demand

The Reserve Bank of India's (RBI) auction of Treasury Bills (T-Bills) held on 28 August 2025 drew robust demand across maturities, with bids far exceeding notified amounts. For the 91-day T-Bill, the RBI received bids worth Rs 22,227 crore against a notified amount of Rs 10,000 crore. The cut-off yield stood at 5.51%, while the weighted average yield (WAY) was slightly lower at 5.49%. A total of 49 bids worth Rs 9,979 crore were accepted, alongside non-competitive allotments of Rs 2,321 crore. The 182-day T-Bill saw bids of Rs 18,583 crore against a notified Rs 6,000 crore. The cut-off yield was fixed at 5.60%, while the WAY stood at 5.59%. Competitive bids worth Rs 5,989 crore were accepted, in addition to Rs 1,811 crore under non-competitive bidding. In the 364-day segment, the notified amount of Rs 5,000 crore attracted bids of Rs 12,673 crore. The cut-off yield was set at 5.64%, while the WAY came in at 5.61%. Accepted bids totaled Rs 4,989 crore through competitive bidding, and Rs 2,176 crore under non-competitive allotments. The strong subscription reflects continued appetite for short-term sovereign paper, even as yields inched higher across maturities.