April 18, 2017 / 10:58 AM / 3 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.61 pct

2 Min Read

  Apr 18 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.61 percent on
Tuesday compared with 6.66 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 Tuesday. 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(22/05/17)   29.00/30.50    05.12/05.39   06.13/06.40
  2M(20/06/17)   56.00/57.50    05.19/05.33   06.25/06.39
  3M(20/07/17)   83.50/85.25    05.19/05.30   06.37/06.48
  6M(23/10/17)  167.75/169.75   05.10/05.16   06.55/06.61
  1Y(20/04/18)  326.25/328.25   05.05/05.08   06.93/06.96
    Spot rate : 1$ = 64.5657 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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