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of <h1>RBI Sets Floating Rate Bonds Interest at 9.33% for Jan-July 2014, with 0.34% Mark-Up Over Base Rate.</h1> The Reserve Bank of India announced that the interest rate for Floating Rate Bonds, 2017, for the period from January 2, 2014, to July 1, 2014, is set at 9.33% per annum. This rate includes a mark-up of 0.34% over the variable base rate, which is determined by the average implicit yields from the last six auctions of 364-day Government of India Treasury Bills, calculated at 8.99%. The mark-up was established during an auction on July 1, 2002.
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