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10 months ago
India FIMMDA-Thomson Reuters-MIFOR for six mths 7.06 pct
October 6, 2016 / 10:51 AM / 10 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.06 pct

2 Min Read

Oct 6 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.06 percent on
Thursday compared with 7.11 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.44 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(15/11/16)   35.75/37.25    05.93/06.18   06.47/06.72
  2M(13/12/16)   65.75/67.50    05.90/06.06   06.58/06.73
  3M(13/01/17)   97.00/98.75    05.78/05.88   06.67/06.78
  6M(13/04/17)  188.75/190.75   05.68/05.74   07.00/07.06
  1Y(13/10/17)  361.75/363.75   05.43/05.46   07.12/07.15
    Spot rate : 1$ = 66.6322 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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