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India FIMMDA-Thomson Reuters-MIFOR for six mths 7.50 pct
August 12, 2015 / 10:54 AM / 2 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.50 pct

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.50 pct
  Aug 12 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.50 percent on
Wednesday compared with 7.55 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
7.19 percent on Wednesday. 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(14/09/15)   37.50/39.00    06.81/07.08   07.01/07.28
  2M(14/10/15)   74.25/76.00    06.85/07.01   07.11/07.28
  3M(16/11/15)  115.00/116.75   06.89/06.99   07.21/07.31
  6M(16/02/16)  228.00/230.00   06.90/06.96   07.44/07.50
  1Y(16/08/16)  452.25/454.25   06.92/06.95   07.81/07.84

    Spot rate : 1$ = 64.8270 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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