RBI announces the rate of interest on the

Oct 29, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance The Reserve Bank of India (RBI) on October 28, 2022, announces the rate of interest on the Government of India Floating Rate Bond, 2034.

The rate of interest on the Government of India Floating Rate Bond, 2034 (GOI FRB 2034) applicable for the half year October 30, 2022, to April 29, 2023, shall be 7.69 percent per annum.

It may be recalled that FRB, 2034 will carry a coupon, which will have a base rate equivalent to the average of the Weighted Average Yield (WAY) of the last 3 auctions of 182 Day T-Bills, plus a fixed spread (0.98%).

[Notification No. 2022-2023/1103]

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