📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    What is the interest rate on GOI Floating Rate Bonds,

    2035 (GOI FRB 2035) for the period January 25, 2025, to January 24, 2030?
    A 5.75% Correct Answer Incorrect Answer
    B 6.66% Correct Answer Incorrect Answer
    C 7.25% Correct Answer Incorrect Answer
    D 6.00% Correct Answer Incorrect Answer
    E 7.50% Correct Answer Incorrect Answer

    Solution

    As per RBI's announcement, the interest rate on GOI Floating Rate Bonds, 2035 (GOI FRB 2035) has been set at 6.66% per annum for the period from January 25, 2025, to January 24, 2030. These bonds follow a floating rate mechanism, meaning their interest rate is reset periodically based on prevailing market conditions. The latest rate determination was based on the 5-year Government of India securities yield as of January 24, 2025.

    Practice Next
    More Beepedia Questions
    ask-question