Strong demand in T-Bill auction; yields at 5.47%-5.61% across maturities

The Reserve Bank of India (RBI) on Wednesday raised Rs 21,000 crore through its latest Treasury Bill auction, which drew robust investor interest across all three maturities. The 91-day T-Bill was sold at a cut-off yield of 5.47% with bids of Rs 44,390 crore received against the notified amount of Rs 10,000 crore. The RBI accepted Rs 9,975.88 crore, with a weighted average yield of 5.46%. The 182-day T-Bill cut-off yield was set at 5.58%. The auction received bids worth Rs 23,707 crore against Rs 6,000 crore on offer, of which Rs 5,984.11 crore was accepted. The weighted average yield came in at 5.57%. The 364-day T-Bill saw demand of Rs 26,174 crore for a notified amount of Rs 5,000 crore. The cut-off yield was fixed at 5.61%, with Rs 4,986.61 crore accepted. The weighted average yield stood at 5.60%. Non-competitive bidders were fully allotted in all three segments, receiving Rs 8,304.36 crore in the 91-day, Rs 15.89 crore in the 182-day, and Rs 1,109.73 crore in the 364-day securities.