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India FIMMDA-Thomson Reuters-MIFOR for six mths 7.89 pct
December 8, 2014 / 11:53 AM / 3 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.89 pct

Dec 8 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.89 percent on
Monday compared with 7.93 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
7.97 percent on Monday. One-month, two-month, three-month,
six-month and one-year swaps and benchmark rates are given in
the table below.
--------------------------------------------------------------

                   dlr/rupee      In percent    Implied rupees
  (Spot to)       (paise)       (annualised)  Interest rates(%)
--------------------------------------------------------------
  1M(12/01/15)   43.75/45.00    07.81/08.04   07.98/08.20
  2M(10/02/15)   81.50/83.00    07.75/07.89   07.96/08.10
  3M(10/03/15)  116.00/118.00   07.60/07.73   07.84/07.97
  6M(10/06/15)  230.50/232.50   07.46/07.53   07.82/07.89
  1Y(10/12/15)  437.25/439.25   07.06/07.09   07.72/07.75

    Spot rate : 1$ = 61.9253 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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