Government to borrow ₹3.84 lakh crore via treasury bills in Q4 to meet short-term needs

The government on Monday said it plans to borrow ₹3.84 lakh crore from short-term treasury bills spread over 12 weeks during the fourth quarter of the current financial year to meet short-term funding requirements.

The weekly auction would vary between ₹29,000 crore and ₹35,000 crore, the finance ministry said in a statement.

Also Read | India weighs higher import duties, fiscal sops to push local manufacturing

This amount is ₹10,000 crore lower than ₹3.94 lakh crore raised during the same quarter in the previous financial year. The government had issued an auction calendar of treasury bills worth ₹2.47 lakh crore for the third quarter of the current financial year ending December 31, 2025.

The government, in consultation with the Reserve Bank of India, will have the flexibility to modify the indicated amount and timing for auction of Treasury Bills depending on the requirements, evolving market conditions and other relevant factors after giving due notice to the market, the statement said.

Thus, the calendar is subject to change, if circumstances so warrant, including for reasons such as intervening holidays, it said.