March 7, 2014 / 11:48 AM / 4 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 9.24 pct

Mar 7 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 9.24 percent on
Friday compared with 9.11 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
9.13 percent on Friday. 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(11/04/14)   57.50/59.00    11.10/11.39   11.26/11.55
  2M(12/05/14)  104.50/106.50   10.09/10.28   10.29/10.48
  3M(11/06/14)  147.25/149.25   09.58/09.71   09.82/09.95
  6M(11/09/14)  271.25/273.25   08.82/08.89   09.17/09.24
  1Y(11/03/15)  511.25/513.25   08.38/08.42   08.99/09.02

    Spot rate : 1$ = 60.9850 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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