The Reserve Bank of India's Treasury Bills auction held on 4 February 2026 saw strong demand across maturities, with bids once again far exceeding the notified amounts.
For the 91 day Treasury Bill, the Reserve Bank of India had notified Rs 9,000 crore, while competitive bids worth Rs 30,827.91 crore were received. The cut off price was set at 98.6850, translating into a yield of 5.3447%. The RBI accepted Rs 8,632.74 crore through competitive bids, with partial allotment applied to two bids. The weighted average yield for the tenor stood at 5.3274%. Non competitive bids totalled Rs 2,807.42 crore and were accepted in full.
In the 182 day segment, demand remained robust, with competitive bids amounting to Rs 51,285 crore against the notified amount of Rs 12,000 crore. The cut off price was fixed at 97.2848, implying a yield of 5.5973%. Competitive bids accepted stood at Rs 11,400 crore, with partial allotment in one bid. The weighted average yield came in at 5.5945%. Non competitive bids of Rs 2,310.97 crore were largely accepted, with allotment at 98.20%.
The 364 day Treasury Bill also witnessed healthy participation. Competitive bids worth Rs 36,735 crore were received against the notified Rs 8,000 crore. The cut off price was set at 94.6683, corresponding to a yield of 5.6475%. The RBI accepted Rs 7,600 crore through competitive bids, with partial allotment in one bid. The weighted average yield for the tenor was 5.6379%. Non competitive bids of Rs 3,204.05 crore saw acceptance of Rs 3,169.94 crore, translating into an allotment of 92.14%.