April 6, 2017 / 11:00 AM / 3 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.55 pct

2 Min Read

Apr 6 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.55 percent on
Thursday compared with 6.41 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.31 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(11/05/17)   28.25/30.00    05.12/05.44   06.13/06.44
  2M(12/06/17)   57.25/59.25    05.10/05.28   06.15/06.33
  3M(10/07/17)   82.25/84.25    05.08/05.20   06.26/06.39
  6M(10/10/17)  163.00/165.00   05.00/05.06   06.49/06.55
  1Y(10/04/18)  318.50/320.50   04.90/04.93   06.81/06.85
    Spot rate : 1$ = 64.9791 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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