June 8, 2017 / 11:03 AM / 2 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.11 pct

2 Min Read

  Jun 8 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.11 percent on
Thursday compared with 6.17 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.08 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(12/07/17)   24.50/26.00    04.63/04.92   05.77/06.05
  2M(14/08/17)   52.00/53.50    04.68/04.82   05.87/06.01
  3M(12/09/17)   75.75/77.50    04.67/04.78   05.93/06.04
  6M(12/12/17)  147.75/149.75   04.58/04.64   06.05/06.11
  1Y(12/06/18)  293.00/295.00   04.55/04.58   06.39/06.42
    Spot rate : 1$ = 64.3554 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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