What is the interest rate for the Government of India Floating Rate Bonds 2035 (GOI FRB 2035) announced by the Reserve Bank of India (RBI)?
6.66%
Why in the News?
“RBI Sets Interest Rate at 6.66% for Government of India Floating Rate Bonds 2035, Effective from January 25, 2025”
The Reserve Bank of India (RBI) announced an interest rate of 6.66% per annum for the Government of India Floating Rate Bonds 2035 (GOI FRB 2035). This rate will be applicable from January 25, 2025, to January 24, 2030.
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