The RBI announced the cut-off prices and implicit yields for its recent auction of 91-day, 182-day, and 364-day Treasury Bills, reflecting current market conditions.
Cut-Off Prices for Treasury Bills
The Reserve Bank of India disclosed the cut-off prices and implicit yields for the recent auction of 91-day, 182-day, and 364-day Treasury Bills held in August 2026. The total face value notified for the auction was ₹9,000 crore for 91-day, ₹8,000 crore for 182-day, and ₹7,000 crore for 364-day T-Bills.
The cut-off prices announced were ₹98.7046 (YTM: 5.2640%) for 91-day, ₹97.2750 (YTM: 5.6181%) for 182-day, and ₹94.5350 (YTM: 5.7968%) for 364-day notes. These cut-off prices are indicative of the prevailing interest rates and market demand for government securities.
Market participants and legal professionals should analyze these results to inform their strategies regarding investments in government securities and to evaluate the impacts on debt management policies.
Citations
- Reserve Bank of India T-Bill Auction Results (2026) RBI Press Release 9
