India To Auction Rs 290 Billion Of Treasury Bills On January 7

According to a notification from the Reserve Bank of India (RBI), the central government will conduct an auction of Treasury Bills (T-Bills) aggregating Rs 290 billion on January 7, 2026. The issuance is part of the regular short-term borrowing schedule to meet interim fiscal needs and liquidity management objectives.

The auction breakdown includes Rs 90 billion of 91‑day T‑Bills, Rs 120 billion of 182‑day T‑Bills, and Rs 80 billion of 364‑day T‑Bills. These short-term securities serve as a key instrument for raising temporary funds while providing investors with low‑risk investment avenues backed by sovereign guarantee.

Market participants, including banks, mutual funds, and insurance firms, are expected to actively bid in the auction, given the current liquidity and rate trends in the money market.

Key Highlights

• Total T‑Bill auction size: Rs 290 billion on January 7, 2026
• 91‑day T‑Bills: Rs 90 billion
• 182‑day T‑Bills: Rs 120 billion
• 364‑day T‑Bills: Rs 80 billion
• Objective: Short‑term fund raising and liquidity management

Source: Reuters, Reserve Bank of India (RBI)