| The Reserve Bank of India’s latest Treasury Bills auction on 3 December 2025 drew strong interest from investors across the 91-day, 182-day and 364-day maturities, with bids far exceeding the notified amounts.
For the 91-day T-bill, the government had notified Rs 7,000 crore and received 137 bids worth Rs 35,277.50 crore. The cut-off yield stood at 5.3480% with a cut-off price of Rs 98.6842. Competitive bids of Rs 6,972.14 crore were accepted, with partial allotment applied to two bids at 13.98%. The weighted average yield was slightly lower at 5.3369%.
The 182-day T-bill also saw strong demand, attracting 106 bids totalling Rs 27,139 crore against the notified Rs 6,000 crore. The cut-off yield came in at 5.5282%, while competitive acceptances amounted to Rs 5,991.18 crore. One bid received partial allotment at 67.43%. The weighted average yield stood at 5.5225%.
For the 364-day T-bill, 117 bids worth Rs 21,691 crore were submitted for the same notified amount of Rs 6,000 crore. The cut-off yield was set at 5.5450%, with accepted competitive bids totalling Rs 5,814.51 crore. Eight bids were partially allotted at 54.74%. The weighted average yield stood at 5.5378%.
Non-competitive bids continued to see full allotment across all segments. The RBI allotted Rs 13,027.86 crore in the 91-day category, Rs 2,522.66 crore in the 182-day segment and Rs 985.49 crore in the 364-day maturity.
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