April 9, 2013 / 10:53 AM / 4 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.91 pct

Apr 9 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.91 percent on
Tuesday compared with 7.94 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
7.96 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(13/05/13)   36.50/37.75    07.89/08.16   08.09/08.36
  2M(12/06/13)   71.25/73.00    07.83/08.02   08.07/08.27
  3M(12/07/13)  105.00/107.00   07.73/07.88   08.02/08.17
  6M(15/10/13)  204.75/206.75   07.38/07.45   07.84/07.91
  1Y(15/04/14)  380.75/382.75   06.93/06.97   07.72/07.75

    Spot rate : 1$ = 54.4613 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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