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India FIMMDA-Thomson Reuters-MIFOR for six mths 7.37 pct
May 26, 2016 / 10:51 AM / a year ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.37 pct

May 26 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.37 percent on
Thursday compared with 7.36 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.76 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(30/06/16)   34.50/36.25    06.24/06.55   06.70/07.02
  2M(29/07/16)   68.50/70.50    06.30/06.48   06.87/07.05
  3M(31/08/16)  107.50/109.50   06.34/06.46   07.03/07.15
  6M(30/11/16)  212.00/214.00   06.28/06.34   07.31/07.37
  1Y(31/05/17)  406.00/408.00   06.03/06.06   07.45/07.48
    Spot rate : 1$ = 67.2855 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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