91-Day, 182-Day and 364-Day T-Bill Auction Result: Cut-off
Summary
The Reserve Bank of India announced the results of its T-Bill auction held on April 8, 2026. The auction accepted ₹12,000 crore in 91-day T-Bills at 5.3064% yield, ₹6,000 crore in 182-day T-Bills at 5.5299% yield, and ₹6,000 crore in 364-day T-Bills at 5.6278% yield. All notified amounts were fully accepted at the respective cut-off prices.
What changed
The RBI released auction results for three T-Bill maturities. The 91-day T-Bill achieved a cut-off yield of 5.3064%, the 182-day yielded 5.5299%, and the 364-day yielded 5.6278%. Total accepted face value was ₹24,000 crore, fully matching the notified amounts.
Primary dealers, banks, and investors participating in government securities markets should note the benchmark yields for pricing and yield curve analysis. These cut-off rates reflect current market conditions for short-term government paper in India.
What to do next
- Monitor for updates
Archived snapshot
Apr 9, 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 08, 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 \| 98.6943
(YTM: 5.3064%) \| 97.3166
(YTM: 5.5299%) \| 94.6859
(YTM: 5.6278%) \|
\| III. \| Total Face Value Accepted \| ₹12,000 Crore \| ₹6,000 Crore \| ₹6,000 Crore \|
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/39 | | 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 | 98.6943
(YTM: 5.3064%) | 97.3166
(YTM: 5.5299%) | 94.6859
(YTM: 5.6278%) | III. | Total Face Value Accepted | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore |
| | 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 | 98.6943
(YTM: 5.3064%) | 97.3166
(YTM: 5.5299%) | 94.6859
(YTM: 5.6278%) | | | | | | | | | | | | | | | | |
| III. | Total Face Value Accepted | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore | | | | | | | | | | | | | | | | | | | | 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 | 98.6943
(YTM: 5.3064%) | 97.3166
(YTM: 5.5299%) | 94.6859
(YTM: 5.6278%) |
| III. | Total Face Value Accepted | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore |
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/39 | | 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 | 98.6943
(YTM: 5.3064%) | 97.3166
(YTM: 5.5299%) | 94.6859
(YTM: 5.6278%) | III. | Total Face Value Accepted | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore |
| | | 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 | 98.6943
(YTM: 5.3064%) | 97.3166
(YTM: 5.5299%) | 94.6859
(YTM: 5.6278%) |
| III. | Total Face Value Accepted | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore |
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/39 | | 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 | 98.6943
(YTM: 5.3064%) | 97.3166
(YTM: 5.5299%) | 94.6859
(YTM: 5.6278%) | III. | Total Face Value Accepted | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore | |
| | 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 | 98.6943
(YTM: 5.3064%) | 97.3166
(YTM: 5.5299%) | 94.6859
(YTM: 5.6278%) | | | | | | | | | | | | | | | | | |
| III. | Total Face Value Accepted | ₹12,000 Crore | ₹6,000 Crore | ₹6,000 Crore | | | | | | | | | | | | | | | | | |
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