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?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.
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