RBI Sets 6.45% Interest Rate on Government of India Floating Rate Bond 2028 for October 2026–April 2027 Half Year

Exam-focused facts from the 1 October 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) fixed the interest rate on the Government of India Floating Rate Bond 2028 (FRB 2028) at 6.45 per cent per annum for the half year October 04, 2026 to April 03, 2027.
FRB 2028 carries a coupon with a base rate equal to the average of the Weighted Average Yield of the last three auctions of 182-Day T-Bills, plus a fixed spread of 0.64 per cent.