September 23, 2016 / 10:51 AM / a year ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.19 pct

Sep 30 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.19 percent on
Friday compared with 7.16 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
8.50 percent on Friday. 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(04/11/16)   35.25/36.75    06.23/06.49   06.77/07.03
  2M(05/12/16)   70.25/71.75    06.20/06.34   06.87/07.00
  3M(04/01/17)  100.75/102.50   06.00/06.10   06.87/06.98
  6M(04/04/17)  194.00/196.00   05.84/05.90   07.13/07.19
  1Y(04/10/17)  371.00/373.00   05.57/05.60   07.23/07.26
    Spot rate : 1$ = 66.6596 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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