RBI auctioned 91-day Treasury Bills today (August 27). The notified amount for the auction was Rs 20 billion. The multiple price-based auctions for the bills remained oversubscribed. RBI received 79 competitive bids worth Rs 67.22 billion for the bills. However, it accepted only 28 bids for the notified amount.

The cut-off price determined at Rs 97.79 offered ytm (yield to maturity) of 9.06%. 

The weighted average price worked out to Rs 97.79 while the partial allotment percentage of competitive bids was 56.76 from 19 bids.

However, the apex bank received 4 non-competitive bids worth Rs 16.08 billion for the bills, which were all accepted for the day.