The Reserve Bank of India’s Treasury Bills auction on 17 December 2025, witnessed healthy investor demand across the 91-day, 182-day and 364-day tenors, with bids comfortably exceeding the notified amounts.
For the 91-day T-bill, the government had offered Rs 7,000 crore. It received 159 competitive bids worth Rs 34,427.18 crore. The cut-off price was set at 98.7012, translating into a yield of 5.2780%. The RBI accepted Rs 6,980.64 crore, with partial allotment applied to two bids. The weighted average yield stood at 5.2727%.
The 182-day T-bill attracted 96 bids amounting to Rs 17,599.34 crore against a notified Rs 6,000 crore. The cut-off yield came in at 5.4961%, while Rs 5,983.57 crore was accepted. One bid saw partial allotment. The weighted average yield was 5.4848%.
Demand was also strong for the 364-day paper. The auction received 85 bids worth Rs 15,600 crore for the Rs 6,000-crore issue. The cut-off yield was fixed at 5.5044%. The RBI accepted Rs 5,700 crore, with partial allotment in two bids. The weighted average yield stood at 5.4936%.
Non-competitive bids were largely absorbed across maturities. The RBI allotted Rs 20,710.35 crore in the 91-day segment, Rs 816.43 crore in the 182-day category and Rs 1,570 crore in the 364-day T-bill.