December 31, 2013 / 11:54 AM / 4 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 8.98 pct

Dec 31 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 8.98 percent on
Tuesday compared with 9.00 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
12.00 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(03/02/14)   46.50/48.00    08.57/08.85   08.74/09.02
  2M(03/03/14)   87.25/89.00    08.58/08.75   08.79/08.97
  3M(02/04/14)  140.75/142.75   09.22/09.35   09.48/09.61
  6M(02/07/14)  262.25/264.25   08.54/08.61   08.91/08.98
  1Y(02/01/15)  502.00/504.00   08.11/08.14   08.75/08.78

    Spot rate : 1$ = 61.8970 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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