India T-bill auction: 91-day yield 5.57%, 364-day 6.29%, strong demand

RBI auction results show strong demand for 91-day, 182-day, and 364-day treasury bills, with competitive bids exceeding notified amounts by 4.8x, 2.5x, and 1.9x respectively. Cut-off yields rose slightly across tenors, indicating modest upward pressure on short-term rates. The high bid-to-cover ratios suggest ample liquidity and investor appetite for short-dated sovereign paper.