November 16, 2015 / 11:50 AM / 2 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.21 pct

Nov 16 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.21 percent on
Monday compared with 7.21 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.69 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(18/12/15)   35.00/36.00    06.44/06.62   06.64/06.82
  2M(19/01/16)   72.25/74.00    06.43/06.58   06.72/06.87
  3M(18/02/16)  107.25/109.00   06.43/06.54   06.81/06.91
  6M(18/05/16)  215.00/217.00   06.52/06.58   07.15/07.21
  1Y(18/11/16)  424.75/426.75   06.40/06.43   07.41/07.44
    Spot rate : 1$ = 66.1690 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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