Treasury Bills: Full Auction Result
Distilled Policy Brief
- The Reserve Bank of India published the full auction results for Treasury Bills across 91-Day, 182-Day, and 364-Day tenors held on Sep 23, 2026.
🎯 Prelims High-Yield Examination Points
Treasury Bills are short-term money market instruments issued by the Government of India through the Reserve Bank of India at a discount to face value.
⚖️ Mains Analytical & Syllabus Linkages
Analyze the role of government securities and Treasury Bills in managing short-term liquidity and government borrowing programs.
🎯 UPSC Prelims Practice Drill
Consider the following statements regarding Treasury Bills (T-Bills) based on recent auction results published by the Reserve Bank of India (RBI): 1. T-Bills are issued for multiple tenors, including 91-Day, 182-Day, and 364-Day. 2. In the auction results across these tenors, non-competitive bids received were fully accepted without any partial allotment. Which of the statements given above is/are correct?
- [A] 1 only
- [B] 2 only
- [C] Both 1 and 2
- [D] Neither 1 nor 2
▶ Reveal Official Answer & Analytical Explanation
Statement 1 is correct as the RBI auction results explicitly cover 91-Day, 182-Day, and 364-Day tenors for Treasury Bills. Statement 2 is incorrect because the auction data shows partial allotment percentages for non-competitive bids (e.g., 95.8875%, 97.4904%, and 87.5720% for the respective tenors), indicating they were not universally 100% accepted without partial allotments.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.