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Market move● Neutral for Indian equities
Rate of Interest on Government of India Floating Rate Bond 2028
The brief
- FRB 2028 interest rate is 6.45% for October 4, 2026 to April 3, 2027
- The coupon sets returns for holders of this government bond; bond-market investors are directly exposed
- Global bond rout hoists benchmark Indian yield to mid-2024 high before RBI policy
- Bond yields rise, raising the hurdle for Indian equities
- India bonds end choppy quarter at over 2-year lows as rate hike bets mount
- Indian bond yields ease as oil cools, Fed rate hike bets tumble ahead of RBI policy
- Bond supply may outweigh demand, push yields higher