Mumbai, Aug. 5 -- The government raised Rs 24,000 crore through the auction of Treasury Bills (T-Bills) on Wednesday, with the 91-day paper drawing the strongest investor demand among the three maturities on offer.

The auction comprised Rs 9,000 crore of 91-day T-Bills, Rs 8,000 crore of 182-day T-Bills and Rs 7,000 crore of 364-day T-Bills.

The 91-day paper attracted competitive bids worth Rs 22,102.23 crore against the notified amount of Rs 9,000 crore, implying a subscription of about 2.46 times. The cut-off yield stood at 5.2780%, while the weighted average yield came in slightly lower at 5.2529%.

The 182-day T-Bill received bids worth Rs 19,947.25 crore against the notified Rs 8,000 crore, or nearly 2.5 times the issue size. The c...