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5 years ago
India FIMMDA-Thomson Reuters-MIFOR for six mths 8.49 pct
March 20, 2012 / 11:49 AM / 5 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 8.49 pct

Mar 20 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank	
Forward Offered rate for six months based on the	
implied yield using dollar-rupee premium is 8.49 percent on	
Tuesday compared with 8.39 percent the previous day.	
	
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered	
rate(MITOR) based on the cash-spot dollar rupee premium was	
9.11 percent on Tuesday. One-month, two-month, three-month,	
six-month and one-year swaps and benchmark rates are given in	
the table below.	
--------------------------------------------------------------	
    Period      SWAP DIFFERENCE    PREMIUM        MIFOR	
                   dlr/rupee      In percent    Implied rupees	
  (Spot to)       (paise)       (annualised)  Interest rates(%)	
--------------------------------------------------------------	
  1M(23/04/12)   42.25/43.75    09.59/09.93   09.84/10.18	
  2M(22/05/12)   74.50/76.25    08.87/09.08   09.23/09.44	
  3M(22/06/12)  108.00/109.75   08.53/08.66   09.02/09.16	
  6M(24/09/12)  195.50/197.50   07.63/07.71   08.41/08.49	
  1Y(22/03/13)  324.50/326.50   06.46/06.50   07.59/07.63	
	
    Spot rate : 1$ = 50.2545 rupees (Source - RBI reference	
rate from Thomson Reuters page  	
	
    Note: Figures in brackets indicate negative values.	
    The US Dollar LIBOR rates are published by the British	
Bankers' Association and sourced from the Thomson Reuters page	
.	
	
    The implied benchmark rates will be available on Thomson Reuters	
pages by typing or followed by the ENTER key	
or double-clicking,.	
	
    Refer to Thomson Reuters page for the calculation	
methodology.	
	
    FIMMDA refers to Fixed Income Money Market and Derivatives	
Association of India.	
	
 	
	
($1=0)

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