RBI hikes Floating Rate Bond 2034 interest rate by 81 bps

The RBI has raised the interest rate on the Government of India Floating Rate Bond 2034 by 81 basis points to 7.26% for October 30, 2026 to April 29, 2027. A floating rate bond is a debt instrument whose interest rate is not fixed but changes periodically. In this case, the rate is linked to 182-day Treasury Bills.