New Delhi, Oct. 21 -- The Reserve Bank of India (RBI) on Wednesday accepted no bids in its auction of 91-day, 182-day and 364-day Treasury bills, despite receiving competitive bids exceeding the notified amounts across all three maturities.

The development comes as the yield on India's benchmark 10-year government bond rose to around 7.44 per cent on Wednesday, up approximately four basis points from the previous session, reflecting continued pressure in the government securities market.

According to the RBI's auction results, the central bank had notified borrowings of Rs 8,000 crore through 91-day Treasury bills, Rs 8,000 crore through 182-day bills and Rs 7,000 crore through 364-day bills, taking the total notified amount to Rs 23,00...