Current Affairs · Banking and Finance
To align coupon payments with short-term sovereign benchmarks, a Government of India floating-rate bond undergoes periodic resets based on recent Treasury Bill yields plus a fixed spread. What is the interest rate applicable for the Government of India Floating Rate Bond (FRB) 2033 for the period September 22, 2025 to March 21, 2026?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 17.12% per annum
- 26.82% per annum✓
- 36.68% per annum
- 46.56% per annum
Correct answer
6.82% per annum
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