Mumbai, July 8 -- The Reserve Bank of India on Wednesday raised Rs 24,000 crore through the auction of Treasury Bills across 91-day, 182-day and 364-day maturities.

The RBI had notified Rs 9,000 crore of 91-day Treasury Bills, Rs 8,000 crore of 182-day Treasury Bills and Rs 7,000 crore of 364-day Treasury Bills.

The 91-day T-Bills attracted 69 competitive bids worth Rs 16,018.81 crore against the notified amount of Rs 9,000 crore. The cut-off price was set at Rs 98.6966, translating into a yield of 5.2970%.

The weighted average price stood at Rs 98.7031, while the weighted average yield came in at 5.2702%. The RBI accepted 41 competitive bids amounting to Rs 8,979.98 crore. Two bids at the cut-off price received a pro-rata allotment of...