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(06 Jun 2025, 18:22)

Interest rate on GOI Floating Rate Bond 2031 Shall be 6.63%

The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year June 07, 2025 to December 06, 2025 shall be 6.63 per cent per annum, RBI stated today. It may be recalled that FRB 2031 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield of last three auctions (from the rate fixing day i.e. June 07, 2025) of 182 Day T-Bills, plus a fixed spread of One per cent.
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