What changed

The Reserve Bank of India (RBI) has published the results of its latest Treasury Bill (T-Bill) auction, detailing the yields for 91-day, 182-day, and 364-day bills. The auction saw a total notified face value of ₹14,000 Crore for 91-day bills, ₹12,000 Crore for 182-day bills, and ₹8,000 Crore for 364-day bills. The cut-off prices and corresponding implicit yields (YTM) were reported as 98.6891% (5.3278%) for 91-day, 97.3128% (5.5380%) for 182-day, and 94.6705% (5.6450%) for 364-day T-Bills.

This notice serves as an informational update for investors and financial market participants regarding the outcomes of the T-Bill auction. It provides the specific yields at which these government securities were issued. No immediate compliance actions are required for regulated entities based on this announcement, as it reports on auction results rather than introducing new regulatory requirements or obligations. The data is relevant for market analysis and investment decisions.

Source document (simplified)

Press Releases

| () | | | | | | | | | | | | | | | | | | | | | |
| Date : Mar 18, 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 \| ₹14,000 Crore \| ₹12,000 Crore \| ₹8,000 Crore \|
\| II. \| Cut-off Price and Implicit Yield at Cut-Off Price \| 98.6891
(YTM: 5.3278%) \| 97.3128
(YTM: 5.5380%) \| 94.6705
(YTM: 5.6450%) \|
\| III. \| Total Face Value Accepted \| ₹14,000 Crore \| ₹12,000 Crore \| ₹8,000 Crore \|
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2285 | | T-Bill | 91-Day | 182-Day | 364-Day | I. | Total Face Value Notified | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore | II. | Cut-off Price and Implicit Yield at Cut-Off Price | 98.6891
(YTM: 5.3278%) | 97.3128
(YTM: 5.5380%) | 94.6705
(YTM: 5.6450%) | III. | Total Face Value Accepted | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore |
| | T-Bill | 91-Day | 182-Day | 364-Day | | | | | | | | | | | | | | | | |
| I. | Total Face Value Notified | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore | | | | | | | | | | | | | | | | |
| II. | Cut-off Price and Implicit Yield at Cut-Off Price | 98.6891
(YTM: 5.3278%) | 97.3128
(YTM: 5.5380%) | 94.6705
(YTM: 5.6450%) | | | | | | | | | | | | | | | | |
| III. | Total Face Value Accepted | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore | | | | | | | | | | | | | | | | | | | | T-Bill | 91-Day | 182-Day | 364-Day |
| I. | Total Face Value Notified | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore |
| II. | Cut-off Price and Implicit Yield at Cut-Off Price | 98.6891
(YTM: 5.3278%) | 97.3128
(YTM: 5.5380%) | 94.6705
(YTM: 5.6450%) |
| III. | Total Face Value Accepted | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2285 | | T-Bill | 91-Day | 182-Day | 364-Day | I. | Total Face Value Notified | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore | II. | Cut-off Price and Implicit Yield at Cut-Off Price | 98.6891
(YTM: 5.3278%) | 97.3128
(YTM: 5.5380%) | 94.6705
(YTM: 5.6450%) | III. | Total Face Value Accepted | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore |
| | | T-Bill | 91-Day | 182-Day | 364-Day |
| I. | Total Face Value Notified | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore |
| II. | Cut-off Price and Implicit Yield at Cut-Off Price | 98.6891
(YTM: 5.3278%) | 97.3128
(YTM: 5.5380%) | 94.6705
(YTM: 5.6450%) |
| III. | Total Face Value Accepted | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2285 | | T-Bill | 91-Day | 182-Day | 364-Day | I. | Total Face Value Notified | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore | II. | Cut-off Price and Implicit Yield at Cut-Off Price | 98.6891
(YTM: 5.3278%) | 97.3128
(YTM: 5.5380%) | 94.6705
(YTM: 5.6450%) | III. | Total Face Value Accepted | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore | |
| | T-Bill | 91-Day | 182-Day | 364-Day | | | | | | | | | | | | | | | | | |
| I. | Total Face Value Notified | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore | | | | | | | | | | | | | | | | | |
| II. | Cut-off Price and Implicit Yield at Cut-Off Price | 98.6891
(YTM: 5.3278%) | 97.3128
(YTM: 5.5380%) | 94.6705
(YTM: 5.6450%) | | | | | | | | | | | | | | | | | |
| III. | Total Face Value Accepted | ₹14,000 Crore | ₹12,000 Crore | ₹8,000 Crore | | | | | | | | | | | | | | | | | |