91, 182, 364-Day T-Bill Auction Results: ₹24,000 Crore Notified, Full Acceptance
Summary
The Reserve Bank of India conducted auctions for 91-day, 182-day, and 364-day Treasury Bills on April 22, 2026. The notified amounts were ₹12,000 crore (91-day), ₹6,000 crore (182-day), and ₹6,000 crore (364-day), totalling ₹24,000 crore. All notified amounts were accepted in full. Cut-off prices were 98.7165 (91-day, YTM 5.2150%), 97.3449 (182-day, YTM 5.4700%), and 94.7116 (364-day, YTM 5.5990%).
About this source
The Reserve Bank of India is India's central bank. Its press release page is the official channel for monetary policy decisions, banking supervision actions, financial stability reports, FDI data, and the daily money market operations log. GovPing tracks every release as it appears, around 200 a month. Watch this if you cover Indian banking, manage exposure to the rupee, advise on Indian financial regulation, or run payments or fintech in South Asia. Recent examples: an RBI MPC decision holding the repo rate at 5.25% with GDP and inflation projections, financial data on 3,100 FDI companies in India 2024-25, the daily money market operations log.
What changed
The Reserve Bank of India announced the results of its Treasury Bill auction held on April 22, 2026, covering three tenors. ₹12,000 crore was accepted at the 91-day cut-off price of 98.7165 (implicit yield 5.2150%), ₹6,000 crore at the 182-day cut-off of 97.3449 (5.4700%), and ₹6,000 crore at the 364-day cut-off of 94.7116 (5.5990%). All three auctions achieved full acceptance of notified quantities.
These results provide market participants and financial institutions with benchmark yield data for short-term government securities. The T-bill cut-off yields serve as reference rates for pricing related debt instruments and monetary policy signalling. Primary dealers and eligible investors who participated in the auctions can use the published cut-off prices to reconcile their positions and assess demand dynamics across tenors.
Archived snapshot
Apr 23, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Press Releases
| () |
| Date : Apr 22, 2026 |
| 91-Day, 182-Day and 364-Day T-Bill Auction Result: Cut-off |
| T-Bill | 91-Day | 182-Day | 364-Day |
| I. | Total Face Value Notified | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore |
| II. | Cut-off Price and Implicit Yield at Cut-Off Price | 98.7165
(YTM: 5.2150%) | 97.3449
(YTM: 5.4700%) | 94.7116
(YTM: 5.5990%) |
| III. | Total Face Value Accepted | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore |
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/118 | | T-Bill | 91-Day | 182-Day | 364-Day | I. | Total Face Value Notified | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore | II. | Cut-off Price and Implicit Yield at Cut-Off Price | 98.7165
(YTM: 5.2150%) | 97.3449
(YTM: 5.4700%) | 94.7116
(YTM: 5.5990%) | III. | Total Face Value Accepted | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore |
| | T-Bill | 91-Day | 182-Day | 364-Day |
(YTM: 5.2150%) | 97.3449
(YTM: 5.4700%) | 94.7116
(YTM: 5.5990%) |
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