Neutral impactEconomy
Rate of interest on Government of India Floating Rate Bond 2033
RBI 3 hrs ago·21 Sept 2026, 1:05 pm
Economy RBI
The Reserve Bank of India has set the coupon for the Government of India Floating Rate Bond maturing in 2033 at 6.87% per annum for the period from September 22 2026 to March 21 2027. This rate applies to the bond’s floating component for the upcoming half‑year.
FRB 2033’s coupon is tied to the average weighted yield of the three most recent 182‑day Treasury bill auctions, plus a fixed spread of 1.22%. A higher coupon raises the government’s borrowing cost and can push up yields across the sovereign debt market, which may influence equity valuations.
Investors should monitor the next T‑bill auction results, any shifts in RBI policy, and the spread component. Changes in these inputs will determine the bond’s future coupon and market reaction.
Key takeaways
- Category: Economy.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
