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Floating-rate bond 2028: RBI sets 6.45% interest rate for October 2026-April 2027; what investors should know

The RBI has fixed the interest rate on Government of India Floating Rate Bond 2028 at 6.45% for 4 October 2026 to 3 April 2027. Heres how the rate is set, what investors can earn and what to know before investing.