October 7, 2016 / 10:51 AM / 10 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.98 pct

2 Min Read

Oct 7 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 6.98 percent on
Friday compared with 7.06 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.35 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(15/11/16)   35.50/37.00    05.88/06.13   06.42/06.67
  2M(13/12/16)   65.25/67.00    05.85/06.00   06.52/06.67
  3M(13/01/17)   95.75/97.75    05.69/05.81   06.59/06.71
  6M(13/04/17)  186.75/188.75   05.61/05.67   06.92/06.98
  1Y(13/10/17)  359.25/361.25   05.38/05.41   07.07/07.11
    Spot rate : 1$ = 66.7875 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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