May 30, 2013 / 10:49 AM / 4 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.58 pct

May 30 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 6.58 percent on
Thursday compared with 6.60 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
7.17 percent on Thursday. 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(03/07/13)   31.75/32.75    06.89/07.10   07.08/07.30
  2M(05/08/13)   63.75/65.50    06.58/06.76   06.82/07.00
  3M(03/09/13)   91.25/93.25    06.45/06.59   06.74/06.88
  6M(03/12/13)  170.75/172.75   06.07/06.14   06.51/06.58
  1Y(03/06/14)  333.25/335.25   05.94/05.98   06.68/06.72

    Spot rate : 1$ = 56.0995 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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