Policy● Neutral for Indian equities
Floating-rate bond 2028: RBI sets 6.45% interest rate for October 2026-April 2027; what investors should know
The brief
- RBI set the Government of India Floating Rate Bond 2028 interest rate at 6.45%
- The rate applies from 4 October 2026 to 3 April 2027
- The rate sets returns for investors holding this government bond
- Indian bond yields steady ahead of RBI policy decision; benchmark seen at 7.20%-7.26%
- Rate cut cycle near turning point. What lies ahead for Indian bonds?
- Economists expect RBI to raise repo rate 25 bps to 5.50% in October
- 10-year bond yield breaches 7.20%; hits 2.5-year high
- Global bond rout hoists benchmark Indian yield to mid-2024 high before RBI policy