Question
Which of the following bonds have a variable rate of
interest?Solution
The government to expedite its capital spending programme to support the ongoing recovery. As per FY23 budget, the gross market borrowing through dated securities was pegged at ₹14.95 lakh crore. Considering the switch operations conducted on January 28, 2022, the gross market borrowing is expected at ₹14.31 lakh crore. The borrowing is scheduled to be completed in 26 weekly tranches of ₹32,000-33,000 crore and will be spread under 2, 5, 7, 10, 14, 30, and 40-year securities and floating rate bonds (FRBs) of various tenors.
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