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The Reserve Bank of India, in consultation with the Government of India, has released the Treasury Bills (T-Bills) auction calendar for the January–March 2026 quarter. The total notified amount for the quarter stands at ₹3.84 lakh crore, with weekly auctions featuring 91-day, 182-day, and 364-day T-Bills.
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The Reserve Bank of India (RBI) has announced the issuance schedule for Treasury Bills for the March 2026 quarter, detailing weekly auctions across short-term maturity categories: 91-day, 182-day, and 364-day T-Bills. The calendar, aligned with government borrowing plans, indicates an aggregate borrowing of ₹3.84 lakh crore through these short-term instruments.
Key Points:
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T-Bill auctions will be conducted weekly between January 7 and March 25, 2026.
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Total notified amount for the quarter: ₹3,84,000 crore, divided as ₹1,44,000 crore each for 91-day and 182-day bills, and ₹96,000 crore for 364-day bills.
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Weekly auction sizes range from ₹29,000 crore to ₹35,000 crore.
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RBI retains flexibility to modify auction amounts or dates in response to government requirements or market conditions.
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Any revisions due to holidays or evolving circumstances will be announced through press releases.
Source: Reserve Bank of India, Government of India press release dated December 29, 2025
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