India sets FRB 2033 coupon at 6.87% for Sep 2026-Mar 2027

The RBI fixed the interest rate on the Government of India Floating Rate Bond 2033 at 6.87% per annum for the half-year starting September 22, 2026, based on the average 182-day T-bill yield plus a 1.22% spread. This is a routine rate reset, reflecting current short-term rates. It signals prevailing liquidity and rate conditions in Indian debt markets.