The Government of India raised Rs 19,000 crore through the sale of Treasury Bills (T-bills) in the latest auction held on 15 October 2025, with yields remaining broadly steady amid strong investor demand.
According to data released by the Reserve Bank of India (RBI), the auction included Rs 7,000 crore of 91-day bills, Rs 6,000 crore of 182-day bills, and Rs 6,000 crore of 364-day bills.
The cut-off yields stood at 5.43% for 91-day, and 5.55% each for 182-day and 364-day T-bills. The weighted average yields (WAY) were slightly lower at 5.42%, 5.54%, and 5.54%, respectively.
The auction saw robust participation, with total bids far exceeding the notified amounts. Investors placed bids worth Rs 23,592 crore for the 91-day paper, Rs 15,621 crore for the 182-day, and Rs 24,783 crore for the 364-day tenor.
Competitive bids worth Rs 6,984 crore, Rs 5,990 crore, and Rs 5,914 crore were accepted in the three categories, while non-competitive bids totaling Rs 9,416 crore, Rs 2,460 crore, and Rs 1,329 crore were allotted in full.