April 13, 2017 / 11:02 AM / 3 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.70 pct

2 Min Read

Apr 13 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.70 percent on
Thursday compared with 6.64 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.21 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(18/05/17)   27.25/29.00    05.15/05.49   06.17/06.50
  2M(19/06/17)   57.00/58.75    05.22/05.38   06.28/06.44
  3M(18/07/17)   83.75/85.50    05.22/05.33   06.41/06.52
  6M(18/10/17)  167.00/169.00   05.18/05.24   06.64/06.70
  1Y(18/04/18)  329.50/331.50   05.12/05.15   07.01/07.04
    Spot rate : 1$ = 64.3165 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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