Mumbai, July 24 -- India's latest Treasury bill auction held on 23 July 2025, drew strong investor interest, with bids far exceeding the notified amounts across all tenors. The Reserve Bank of India (RBI) auctioned a total of Rs 20,000 crore in T-bills, Rs 9,000 crore in 91-day, Rs 6,000 crore in 182-day, and Rs 5,000 crore in 364-day bills.

The 91-day T-bill saw the highest bidding enthusiasm, with Rs 37,547.50 crore in competitive bids received from 153 participants, against a notified amount of Rs 9,000 crore. The cut-off yield for this tenor was fixed at 5.3872%, with the weighted average yield coming in slightly higher at 5.3818%.

For the 182-day T-bill, the RBI received Rs 33,760.30 crore in competitive bids. The cut-off yield sto...