# RBI rejects all T-bill bids as investors seek higher yields

> RBI rejects all T-bill bids as investors push for higher yields.
- Title: RBI rejects all T-bill bids as investors seek higher yields
- Summary: RBI rejects all T-bill bids as investors push for higher yields. RBI rejected all T-bill bids in auction as banking liquidity tightens from GST outflows.
- Keywords: rbi, t-bill, liquidity, gst, banking, investors, business, money, news, rejects, all, bids
- Source: Financialexpress — https://financialexpress.com/business/banking-finance-rbi-rejects-all-t-bill-bids-as-investors-seek-higher-yields-4366337
- Author: Christina Titus
- Published: 2026-10-21T13:27:55+00:00
- Read time: 1 min
- Topics: rbi, t-bill, liquidity, gst, banking, investors, business, money, news
## RBI rejects all T-bill bids
The Reserve Bank of India rejected all bids in its T-bill auction on Wednesday.
## Investors seek higher yields
Investors demanded higher yields amid tightening banking liquidity driven by GST outflows.
## Liquidity surplus drops
The liquidity surplus averaged rs 3.39 lakh crore in October, down from rs 7.77 lakh crore in September.
## VRR auctions continue
The RBI conducted a seven-day variable rate repo auction to manage liquidity pressures.
## Liquidity tightens further
Banking system liquidity tightened as surplus dropped to rs 48,304 crore, its lowest in three months.
## Market expects more VRR
Market participants expect the RBI to continue VRR auctions to ease liquidity pressures and keep rates aligned with the policy repo rate.
## Key takeaway

RBI rejected all T-bill bids in auction as banking liquidity tightens from GST outflows.