Economy
Add as a preferred source on GoogleThe rate applies from Oct. 30, 2026, through April 29, 2027, and includes a fixed spread of 0.98 percentage point.
The Reserve Bank of India said the coupon on the Government of India Floating Rate Bond 2034 will be 7.26% per annum from Oct. 30, 2026, through April 29, 2027.
The calculation averages weighted average yields from the three most recent auctions of 182-day Treasury bills as of the Oct. 30 fixing date, then adds a fixed spread of 0.98 percentage point, the RBI said in an Oct. 29 release.
Tamil Nadu has the largest notified amount at ₹9,000 crore; new securities account for ₹3,800 crore of the sale.
The two securities cleared at cut-off prices of ₹96.65 and ₹97.30, with implicit yields of 7.3589% and 7.9339%.
The release covers external commercial borrowings, foreign currency convertible bonds and rupee-denominated bonds, with data divided between general and special permission.
