RBI auctioned 364 - 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 139 competitive bids worth Rs 102.29 billion for the bills. However, it accepted only 23 bids for the notified amount.

The cut-off price determined at Rs 91.61 offered ytm (yield to maturity) of 9.18%. 

The weighted average price worked out to Rs 91.64 while the partial allotment percentage of competitive bids was 94.06 from 6 bids.

However, the apex bank received 1 non-competitive bid worth Rs 266.5 million for the bills, which was accepted for the day.