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India FIMMDA-Thomson Reuters-MIFOR for six mths 7.27 pct
September 17, 2012 / 10:53 AM / 5 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.27 pct

Sep 17 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.27 percent on
Monday compared with 7.09 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
7.76 percent on Monday. 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(22/10/12)   32.75/34.25    06.92/07.24   07.14/07.46
  2M(20/11/12)   62.25/64.00    06.90/07.10   07.21/07.40
  3M(20/12/12)   91.50/93.00    06.80/06.91   07.19/07.30
  6M(20/03/13)  174.00/176.00   06.50/06.58   07.20/07.27
  1Y(20/09/13)  320.50/322.50   05.94/05.98   07.00/07.04

    Spot rate : 1$ = 53.9740 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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