RBI announces interest rate on FRBs 2016 at 6.15 per cent

Mumbai, Apr 29 (UNI) The Reserve Bank of India (RBI) has fixed at 6.15 per cent per annum the rate of interest on floating rate bonds, 2016 (FRBs), applicable for the year beginning May seven this year to May six next year, a press release issued here said.

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