India cbank sets 2014 bond interest at 7.66 pct

MUMBAI, May 16 (Reuters) - India's central bank said on Friday it would pay a coupon of 7.66 percent at the 2014 floating rate bond for a year starting May 20, 2008.

The mark-up is 14 basis points above the average yield at the last three auctions of 364-day bills, which was 7.52 percent, the central bank said. (Reporting by Mumbai Treasury Desk; Editing by Ramya Venugopal)