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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.28 pct
March 10, 2017 / 11:49 AM / 7 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.28 pct

  Mar 10 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.28 percent on
Friday compared with 6.22 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.22 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(17/04/17)   30.50/32.25    05.06/05.35   05.97/06.26
  2M(15/05/17)   54.75/56.75    04.91/05.09   05.89/06.07
  3M(15/06/17)   81.00/83.00    04.82/04.94   05.97/06.09
  6M(15/09/17)  159.25/161.25   04.74/04.80   06.22/06.28
  1Y(15/03/18)  312.00/314.00   04.68/04.71   06.61/06.64
    Spot rate : 1$ = 66.6880 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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