RBI raises Floating Rate Bond 2034 interest rate by 81 basis points; check revised rate for October 2026–April 2027
Mint 1 hr ago·30 Oct 2026, 2:17 am
The Reserve Bank of India has increased the interest rate on the Government of India Floating Rate Bond 2034 by 81 basis points. This means the coupon rate for the upcoming six-month period will be higher than the previous one. The new rate is now 8.21%, up from the previous 7.40%, and will be applicable from October 30, 2026, to April 29, 2027.
For investors, this is a positive development as it increases the yield on their investment during this specific period. The bond's interest rate resets every six months based on the prevailing 6-month MCLR, ensuring returns stay aligned with current market rates. Investors should monitor the RBI's policy decisions to anticipate future rate adjustments and their impact on bond valuations.
Excerpt from Mint
The RBI has raised the interest rate on the Government of India Floating Rate Bond 2034 for the six-month period from 30 October 2026 to 29 April 2027 by 81 basis points. Here's what the revised rate means for investors and how the bond works. The Reserve Bank of India ( RBI ) has announced a revised interest rate of…Read the original at Mint
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