Mumbai, May 13 -- The government raised Rs 24,000 crore through the auction of Treasury Bills (T-Bills) on Wednesday, with strong investor demand seen particularly in the 91-day and 182-day papers.

The auction comprised Rs 12,000 crore of 91-day T-Bills, Rs 6,000 crore of 182-day T-Bills, and Rs 6,000 crore of 364-day T-Bills.

The 91-day paper attracted the highest demand, with competitive bids worth Rs 27,619.03 crore received against the notified amount of Rs 12,000 crore, implying a subscription of over 2.3 times. The cut-off yield stood at 5.3398%, while the weighted average yield came in slightly lower at 5.3254%.

The 182-day T-Bill also saw robust appetite, drawing bids worth Rs 25,462.30 crore against the notified Rs 6,000 crore...