Mumbai, Oct. 29 -- The rate of interest on Government of India Floating Rate Bond 2034 (FRB 2034) applicable for the half year October 30, 2026 to April 29, 2027 shall be 7.26 per cent per annum, RBI noted today. FRB 2034 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 30, 2026) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).

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