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RBI raises Floating Rate Bond 2034 interest rate by 81 basis points; check revised rate for October 2026April 2027

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.