India sets FRB 2034 coupon at 7.26% for Oct 2026-Apr 2027

The RBI announced a 7.26% coupon for the Government of India Floating Rate Bond 2034 for the half-year starting October 30, 2026, based on the average 182-day T-bill yield plus a 0.98% spread. This is a routine rate reset, reflecting current short-term rates. It signals stable short-term yields and has limited market impact.

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