RBI rejects every bid in Rs 23,000 crore T-Bill auction

MUMBAI, 23 October The Reserve Bank of India offered ₹23,000 crore of Treasury Bills on 21 October — ₹8,000 crore each of 91-day and 182-day paper and ₹7,000 crore of 364-day paper. Competitive bids came in at ₹45,644.6 crore, 1.98 times the amount on offer. The amount accepted, in every tenor, was nil. At a…