Current Affairs - Finance - Discussion

The Reserve Bank of India (RBI) has set the interest rate for the Government of India Floating Rate Bond 2033 (GOI FRB 2033) at 8.34% per annum for the six-month period from March 22, 2024, to September 21, 2024. This rate is determined using a floating rate mechanism based on the Weighted Average Yield (WAY) of the last three auctions of 182-day Treasury Bills, with a fixed spread of 1.22%. The rate is revised semi-annually to reflect current market conditions, making it suitable for investors seeking periodic interest adjustments.