October 4, 2016 / 10:52 AM / 10 months ago

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

2 Min Read

Oct 4 (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
Tuesday compared with 7.25 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.60 percent on Tuesday. 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(07/11/16)   36.00/37.50    06.17/06.43   06.71/06.96
  2M(06/12/16)   68.50/70.00    06.16/06.29   06.82/06.96
  3M(06/01/17)  100.00/102.00   05.96/06.08   06.85/06.97
  6M(06/04/17)  193.25/195.25   05.82/05.88   07.13/07.19
  1Y(06/10/17)  367.50/369.50   05.52/05.55   07.20/07.23
    Spot rate : 1$ = 66.5559 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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