Government of India Floating Rate Bond 2034 Interest Rate Set at 6.45%
Interest rate on GOI Floating Rate Bond 2034 to be 6.45% for next six-months
Business Standard
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The Reserve Bank of India has announced that the interest rate for the Government of India Floating Rate Bond 2034 will be 6.45% for the period from April 30, 2026, to October 29, 2026. This rate is based on the average yield of recent 182-day Treasury Bill auctions plus a fixed spread.
- 01Interest rate for FRB 2034 set at 6.45% for the upcoming six months.
- 02Rate applies from April 30, 2026, to October 29, 2026.
- 03Rate calculation includes the average yield of the last three auctions of 182-day T-Bills.
- 04Fixed spread of 0.98% is added to the base rate.
- 05Floating Rate Bonds adjust interest rates periodically based on market conditions.
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The Reserve Bank of India has confirmed that the interest rate for the Government of India Floating Rate Bond 2034 (FRB 2034) will be 6.45% per annum for the next six months, specifically from April 30, 2026, to October 29, 2026. This interest rate is determined by adding a fixed spread of 0.98% to the average of the Weighted Average Yield (WAY) from the last three auctions of 182-day Treasury Bills. The floating nature of this bond means that its interest rate can change periodically, reflecting current market conditions. Investors in these bonds can expect their returns to be adjusted based on the performance of government securities in the preceding auction period.
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Investors in the FRB 2034 will see their interest earnings adjusted to 6.45%, which could influence their investment decisions and overall returns from government securities.
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