Mumbai, June 3 -- The Reserve Bank of India's Treasury Bill auction witnessed strong demand for the 91-day paper on Wednesday, with investors submitting bids worth more than Rs 32,300 crore against the notified amount of Rs 12,000 crore.

The RBI had notified Rs 24,000 crore across three maturities, comprising Rs 12,000 crore of 91-day Treasury Bills and Rs 6,000 crore each of 182-day and 364-day Treasury Bills.

The 91-day Treasury Bills attracted strong demand, with 126 competitive bids worth Rs 32,311.79 crore received against the notified amount of Rs 12,000 crore.

The cut-off price was set at Rs 98.6331, translating into a yield of 5.5586%. The weighted average price stood at Rs 98.6359, while the weighted average yield came in at 5...