India sold a combined ₹340 billion worth of Treasury Bills across 91-day, 182-day, and 364-day maturities. Yields rose slightly compared to the last auction, reflecting firm demand and cautious investor sentiment amid global market volatility. The Reserve Bank of India confirmed the updated auction results.
Key Highlights of the Auction
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364-Day T-Bills: India sold ₹80 billion at a cut-off price of ₹94.7107, with yields at 5.6000%, up from 5.5863% in the previous auction.
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182-Day T-Bills: The government raised ₹120 billion at ₹97.3142, with yields climbing to 5.5350%, compared to 5.5096% earlier.
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91-Day T-Bills: India sold ₹140 billion at ₹98.6928, with yields at 5.3126%, slightly higher than 5.2998% last auction.
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Timing Update: Results were released by the Reserve Bank of India (RBI) around 12:45 PM IST, March 4, 2026, confirming strong investor participation.
Outlook
The marginal rise in yields signals cautious optimism among investors, balancing India’s fiscal needs with global uncertainties. With short-term borrowing costs inching higher, analysts expect continued demand for government securities as safe-haven assets amid volatile equity and commodity markets.
Sources: Reserve Bank of India (RBI), Economic Times, Reuters, Business Standard