February 3, 2014 / 11:53 AM / 4 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 8.70 pct

Feb 3 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 8.70 percent on
Monday compared with 8.65 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
8.54 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(05/03/14)   41.00/42.50    08.53/08.84   08.69/09.00
  2M(07/04/14)   93.50/95.50    08.92/09.12   09.13/09.32
  3M(05/05/14)  131.50/133.50   08.60/08.73   08.85/08.98
  6M(05/08/14)  257.50/259.50   08.28/08.35   08.64/08.70
  1Y(05/02/15)  501.00/503.00   07.99/08.02   08.61/08.64

    Spot rate : 1$ = 62.6891 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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