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Business & Finance

India's RBI sets 8.87pc coupon for 2017 floating rate bonds

MUMBAI: The Reserve Bank of India said on Friday it has set an interest rate of 8.87 percent per annum on floating r
Published Updated

reserve-bankMUMBAI: The Reserve Bank of India said on Friday it has set an interest rate of 8.87 percent per annum on floating rate bonds (FRB) maturing in 2017, which is applicable for the half-year from Jan. 2 to July 1.

 

Copyright Reuters, 2011

 

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