RBI auctioned 364 - day Treasury Bills (T-Bills) today, September 24. The notified amount for the auction was Rs 10 billion. The multiple price-based auctions for the bills remained oversubscribed. RBI received 87 competitive bids worth Rs 33.84 billion for the bills. However, it accepted only 36 bids for the notified amount.

The cut-off price determined at Rs 91.93 offered ytm (yield to maturity) of 8.80%.
 
The weighted average price worked out to Rs 91.99 while the partial allotment percentage of competitive bids was 45.81 from 6 bids.

However, the apex bank did not receive any non-competitive bid for the bills.