March 9, 2017 / 11:51 AM / 5 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.22 pct

2 Min Read

  Mar 9 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.22 percent on
Thursday compared with 6.38 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.93 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(17/04/17)   30.75/32.25    04.94/05.19   05.84/06.08
  2M(15/05/17)   54.75/56.50    04.83/04.98   05.80/05.95
  3M(14/06/17)   80.00/81.75    04.75/04.86   05.90/06.01
  6M(14/09/17)  157.50/159.50   04.68/04.74   06.16/06.22
  1Y(14/03/18)  309.50/311.50   04.64/04.67   06.56/06.59
    Spot rate : 1$ = 66.7707 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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