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India FIMMDA-Thomson Reuters-MIFOR for six mths 7.26 pct
July 2, 2012 / 10:56 AM / 5 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.26 pct

Jul 2 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.26 percent on
Monday compared with 7.17 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
8.33 percent on Friday. 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(06/08/12)   37.50/38.75    07.66/07.92   07.91/08.17
  2M(05/09/12)   71.00/72.75    07.49/07.67   07.84/08.02
  3M(05/10/12)  102.00/104.00   07.25/07.39   07.72/07.87
  6M(07/01/13)  182.75/184.75   06.42/06.49   07.19/07.26
  1Y(05/07/13)  326.00/328.00   05.84/05.87   06.99/07.02

    Spot rate : 1$ = 55.8300 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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