RBI T-Bill Auction Sees Zero Bids, Cut-off Not Set

The Reserve Bank of India's auction of 91-day, 182-day, and 364-day Treasury Bills received no accepted bids, with total face value accepted at NIL. This indicates a lack of demand at the notified rates, potentially signaling liquidity tightness or unattractive pricing. The development may reflect market expectations of rate movements or a temporary dislocation in the short-term debt market.