RBI auctioned 364-day Treasury Bills (T-Bills) today, October 22. The notified amount for the auction was Rs 20 billion. The multiple price-based auctions for the bills remained oversubscribed. RBI received 152 competitive bids worth Rs 86.52 billion for the bills. However, it accepted only 13 bids for the notified amount.

The cut-off price determined at Rs 93.13 offered ytm (yield to maturity) of 7.40%.
 
The weighted average price worked out to Rs 93.17 while the partial allotment percentage of competitive bids was 83.71 from 3 bids.

However, the apex bank received 1 non-competitive bid worth Rs 320 million for the bills.