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Mumbai , Aug. 7

THE Reserve Bank of India has announced the rate of interest on Floating Rate Bonds, 2011 and 2015 (II).

The rate on FRB 2011 applicable from August 8, 2005 to August 7, 2006 would be 5.87 per cent per annum. The rate on FRB 2015 (II) applicable from August 10, 2005 to August 9, 2006 would be 6.24 per cent per annum.

The variable base rate on the FRB 2011 and FRB 2015 is the average of the implicit yields of the last three 364-day treasury bill auctions held up to the start of the annual coupon period, the RBI said.

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