The RBI will auction 91-day, 182-day, and 364-day Treasury Bills totaling ₹24,000 crore on October 28, 2026. The settlement date is October 29, 2026.
RBI to Auction Treasury Bills Worth ₹24,000 Crore
The Reserve Bank of India announced the auction of 91-day, 182-day, and 364-day Government of India Treasury Bills on October 28, 2026. The notified amounts are ₹8,000 crore each for 91-day, 182-day, and 364-day bills, aggregating to ₹24,000 crore. The settlement date for all is October 29, 2026.
These auctions are part of the government’s market borrowing program and serve as key instruments for managing short- to medium-term liquidity and public debt. The 91-day bills help in anchoring the yield curve at the shorter end, while the 364-day bills influence longer-term rates.
For practitioners in banking, tax, and corporate law, Treasury Bill yields serve as risk-free benchmarks affecting interest rate clauses, cost of capital assessments, and tax treatment under sections like 56(2)(viib) of the Income-tax Act. Legal opinions on debt instruments often reference T-bill yields as proxies for market rates.
