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India FIMMDA-Thomson Reuters-MIFOR for six mths 7.57 pct
July 6, 2015 / 10:54 AM / 2 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.57 pct

Jul 6 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.57 percent on
Monday compared with 7.60 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
7.16 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(10/08/15)   40.00/41.50    06.96/07.22   07.15/07.41
  2M(08/09/15)   76.25/78.00    07.06/07.22   07.30/07.46
  3M(08/10/15)  113.75/115.50   07.10/07.21   07.39/07.50
  6M(08/01/16)  225.75/227.75   07.04/07.11   07.51/07.57
  1Y(08/07/16)  445.25/447.25   06.98/07.02   07.81/07.84

    Spot rate : 1$ = 63.5785 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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