Reserve Bank of India has announced that the rate of interest on Government of India Floating Rate Bond 2028 (FRB 2028) applicable for the half year April 04, 2026 to October 03, 2026 shall be 6.17 per cent per annum. FRB 2028 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., April 04, 2026) of 182 Day T-Bills, plus a fixed spread (0.64 per cent).