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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.68 pct
April 7, 2017 / 11:03 AM / in 6 months

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.68 pct

  Apr 7 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.68 percent on
Friday compared with 6.55 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.43 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(11/05/17)   27.75/29.50    05.24/05.57   06.25/06.58
  2M(12/06/17)   57.25/59.00    05.23/05.39   06.28/06.44
  3M(11/07/17)   83.75/85.75    05.22/05.34   06.41/06.53
  6M(11/10/17)  165.75/167.75   05.13/05.20   06.62/06.68
  1Y(11/04/18)  323.50/325.50   05.02/05.05   06.94/06.97
    Spot rate : 1$ = 64.3928 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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