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India's RBI Reports No Treasury Bills Accepted in ₹23,000 Crore Auction

Results released Oct. 21 showed no cut-off price or implicit yield for the 91-day, 182-day and 364-day bills.

Updated 1 min read
The Reserve Bank of India’s central office stands beside a busy street in Mumbai. / TokenPost.ai
The Reserve Bank of India’s central office stands beside a busy street in Mumbai. / TokenPost.ai

In results released Oct. 21, the Reserve Bank of India (RBI) reported no Treasury bills accepted across three maturities, against a combined notified face value of ₹23,000 crore.

The RBI had notified ₹8,000 crore each for 91-day and 182-day bills, along with ₹7,000 crore for 364-day bills.

For each maturity, the result listed total face value accepted as nil. It showed no cut-off price or implicit yield for any of the three terms.

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