March 29, 2017 / 11:00 AM / 4 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.42 pct

2 Min Read

  Mar 29 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.42 percent on
Wednesday compared with 6.43 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.25 percent on Wednesday. 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(28/04/17)   25.00/26.75    05.02/05.37   06.02/06.37
  2M(31/05/17)   53.75/55.50    04.95/05.11   06.00/06.16
  3M(30/06/17)   79.75/81.50    04.92/05.03   06.10/06.21
  6M(29/09/17)  158.00/160.00   04.88/04.94   06.35/06.42
  1Y(28/03/18)  310.75/312.75   04.82/04.85   06.73/06.76
    Spot rate : 1$ = 64.9552 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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