Now Reading: RBI to auction Rs 24,000 crore in treasury bills on August 12
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RBI to auction Rs 24,000 crore in treasury bills on August 12
The Reserve Bank of India will auction Government of India Treasury Bills worth a total of Rs 24,000 crore on August 12, 2026. The auction includes Rs 9,000 crore of 91-day bills,…
The Story in Brief
The Reserve Bank of India will auction Government of India Treasury Bills worth a total of Rs 24,000 crore on August 12, 2026. The auction includes Rs 9,000 crore of 91-day bills, Rs 8,000 crore of 182-day bills, and Rs 7,000 crore of 364-day bills. Settlement will take place on August 13, 2026.
Bids must be submitted electronically on the RBI's E-Kuber system. Retail investors can participate on a non-competitive basis through the Retail Direct portal, with a maximum allocation of 5 per cent of the notified amount. State governments, eligible provident funds, and designated foreign central banks can also bid non-competitively. The auction will use a price-based multiple price method.
The Indian Opinion
The weekly T-bill auction is routine, but the notified amount of Rs 24,000 crore should be watched against the government's borrowing calendar. The narrative of 'unmanageable debt' often ignores that these are short-term instruments rolled over regularly. Retail participation via the Retail Direct portal is still tiny. The real test will be the cut-off yields this week, which will signal whether the banking system is flush with liquidity or feeling a squeeze.
Source: rbi.org.in
This story was synthesised by AI from the source linked above.
