Calcutta HC Rejects Reliance on ‘Vedic Mantras’, Commutes Death Sentence in Wife’s Murder Case || Tripura High Court Pulls Up State Over Failure to Implement Supreme Court's Open Prison Directions || Calcutta HC Upholds Life Term for Father who Raped Minor Daughter, Causing Pregnancy || Karnataka HC Directs Trial Courts, Police to Furnish S.164 of CrPC Statement Copies to Accused || P&H HC: Immigration Fraud by Consultancies is a Growing Menace, Denies Pre-Arrest Bail Leniency || CCPA Fines Rs. 1 Lakh Penalty on United Biscuits over Misleading ‘Wholewheat’ Claims || Bombay HC Permits OTT Release of Hindi Film ‘Bandar’ Subject to Appropriate Disclaimers || Gujarat HC Grants Bail to Marriage Bureau Owner, Finds No Link to Alleged ‘Looteri Dulhan’ Gang || Calcutta HC: Minor’s Consent has No Mitigating Effect in POCSO Sexual Assault Cases || Orissa HC Commutes Death Sentence, Says Emotion Cannot Override Established Law

RBI announces rate of interest on Government of India Floating Rate Bond 2031- (Reserve Bank of India) (06 Dec 2022)

MANU/RPRL/0564/2022

Banking

The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 7, 2022 to June 6, 2023 shall be 7.69 percent per annum.

It may be recalled that FRB, 2031 will carry a coupon, which will have a base rate equivalent to the average of the Weighted Average Yield (WAY) of last 3 auctions (from the rate fixing day i.e. December 7, 2022) of 182 Day T-Bills, plus a fixed spread of one percent. The Weighted average yields will be computed by reckoning 365 days in a year.

Tags : INTEREST RATE ANNOUNCEMENT FLOATING RATE BOND

Share :