The Reserve Bank of India conducted the Treasury Bills auction on 25 March 2026, witnessing moderate to healthy investor participation across all three maturities.
The auction comprised Rs 15,000 crore of 91-day Treasury Bills, Rs 12,000 crore of 182-day paper and Rs 8,000 crore of 364-day bills.
Competitive bids were received across tenors, with the 91-day T-Bill attracting 79 bids amounting to Rs 21,698.35 crore, implying a bid cover of around 1.4 times. The 182-day paper saw stronger demand with 104 bids worth Rs 28,775.90 crore, translating into over 2.4 times subscription. Meanwhile, the 364-day T-Bill received 90 bids aggregating Rs 15,675.10 crore, nearly two times the notified amount.
However, the cut-off prices, yields and details of accepted bids were not released at the time of reporting.
In the non-competitive segment, the 91-day T-Bill received four bids worth Rs 3,023.89 crore, while the 182-day and 364-day papers attracted bids of Rs 7.66 crore and Rs 70.08 crore, respectively. Acceptance details for these bids were also awaited.