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Thursday, Jun 30, 2005

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Money & Banking - Govt Bonds


Floating rate bonds

Our Bureau

Mumbai , June 29

THE Reserve Bank of India has set the interest rate on the floating rate bond (FRB) maturing in 2017 at 5.93 per cent per annum for the half-year from July 2, to January 1, 2006.

It set the interest rate on the FRB maturing in 2015 at 5.78 per cent per annum for the year July 2 to July 1, 2006.

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