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RBI Turns Away All Bids at Treasury Bill Sale Amid Bond Selloff

Bloomberg Markets Wednesday 21 October 2026, 09:45 UTC By Bhaskar Dutta and Pratigya Vajpayee 1 min read
Key Points

RBI Turns Away All Bids at Treasury Bill Sale Amid Bond Selloff India’s central bank rejected all bids at a sale of federal treasury bills on Wednesday amid a bond selloff that pushed borrowing costs to multi-year highs. The government was scheduled to sell treasury bills, which are short-term notes maturing within a year, worth 230 billion rupees ($2.4 billion).

RBI Turns Away All Bids at Treasury Bill Sale Amid Bond Selloff India’s central bank rejected all bids at a sale of federal treasury bills on Wednesday amid a bond selloff that pushed borrowing costs to multi-year highs. The government was scheduled to sell treasury bills, which are short-term notes maturing within a year, worth 230 billion rupees ($2.4 billion). The Reserve Bank of India said in a statement that no bids had been accepted without providing any reasons.
RBI (ORG) Treasury (ORG) India (LOCATION) The Reserve Bank of India (ORG)
Originally published by Bloomberg Markets Read original →

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