March 23, 2017 / 11:49 AM / 4 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.37 pct

2 Min Read

  Mar 23 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.37 percent on
Thursday compared with 6.47 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 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(27/04/17)   29.00/30.50    05.22/05.49   06.22/06.49
  2M(30/05/17)   57.75/59.75    05.03/05.21   06.08/06.25
  3M(27/06/17)   81.50/83.50    04.94/05.06   06.13/06.25
  6M(27/09/17)  159.25/161.25   04.83/04.89   06.31/06.37
  1Y(27/03/18)  309.25/311.25   04.73/04.76   06.64/06.67
    Spot rate : 1$ = 65.4220 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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