Neutral impactCommodity
91-Day, 182-Day and 364-Day T-Bill Auction Result: Cut-off
RBI 46 min ago·23 Sept 2026, 8:40 am
Commodity RBI
The Reserve Bank of India (RBI) has concluded its latest auction for short-term government securities, known as Treasury Bills (T-Bills). The auction covered three tenures: 91-day, 182-day, and 364-day. The central bank offered a total notified amount of ₹24,000 crore across these tenures, and the entire amount was fully subscribed by investors.
The cut-off yields, or the effective interest rates, were set at 5.39% for the 91-day bill, 5.82% for the 182-day bill, and 6.09% for the 364-day bill. These rates are slightly higher than the previous auction, indicating a shift in the market's expectations regarding short-term liquidity and inflation.
For investors, this signals a tightening of liquidity conditions in the money market. The higher yields on T-Bills can influence the interest rates offered on other short-term debt instruments and fixed deposits. Investors should monitor upcoming policy decisions to understand how these rates might impact their investment portfolios.
Key takeaways
- Category: Commodity.
Why it matters
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