December 17, 2015 / 11:50 AM / 2 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.24 pct

Dec 17 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.24 percent on
Thursday compared with 7.23 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.70 percent on Thursday. 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(21/01/16)   34.75/36.25    06.14/06.40   06.55/06.81
  2M(22/02/16)   70.75/72.50    06.15/06.30   06.65/06.80
  3M(21/03/16)  102.50/104.25   06.17/06.27   06.75/06.86
  6M(21/06/16)  212.00/214.00   06.34/06.40   07.18/07.24
  1Y(21/12/16)  420.00/422.00   06.28/06.31   07.48/07.51
    Spot rate : 1$ = 66.6488 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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