Kerala HC Refuses to Stay Circular Imposing Stricter Conditions for Driving Tests || Delhi HC Directs Police Investigation Against Use of Oxytocin in Dairy Colonies || All. HC Rejects PIL Seeking Release of Justice Rohini Commission Report on OBC Sub-Categorisation || Orissa HC: Trespassers Must Accept Responsibility for Risk in Crossing Railway Tracks || Cash-For-Jobs Scam: Calcutta High Court Denies Bail to Former WB Education Minister || MP High Court: Unnatural Sex With Wife Not Rape as Absence of Woman's Consent Immaterial || SC: Court Can Exempt Accused from Personal Appearance Before Grant of Bail || 2024 Elections: Supreme Court Directs Minimum 1/3rd Women's Reservation in Bar Association Posts || Ori. HC: ‘Online RTI Portal’ Launched by Orissa High Court || Del HC: In Delhi, Giving Monthly Pension of Rs.3000 to Building & Construction Workers is Very Small

RBI announces rate of interest on Government of India Floating Rate Bond 2028- (Reserve Bank of India) (03 Oct 2023)

MANU/RPRL/0588/2023

Banking

The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2023 to April 03, 2024 shall be 7.69 per cent per annum.

It may be recalled that FRB 2028 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 04, 2023) of 182 Day T-Bills, plus a fixed spread (0.64 per cent).

Tags : INTEREST RATE ANNOUNCEMENT

Share :