June 23, 2017 / 10:59 AM / a month ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.12 pct

2 Min Read

Jun 23 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.12 percent on
Friday compared with 6.13 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.70 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(28/07/17)   24.75/26.00    04.67/04.90   05.91/06.14
  2M(28/08/17)   50.25/52.25    04.66/04.84   05.94/06.12
  3M(28/09/17)   75.50/77.50    04.64/04.76   05.97/06.09
  6M(28/12/17)  147.50/149.50   04.56/04.62   06.06/06.12
  1Y(28/06/18)  290.50/292.50   04.50/04.53   06.34/06.37
    Spot rate : 1$ = 64.5365 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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