July 5, 2017 / 11:01 AM / 19 days ago

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

2 Min Read

  Jul 5 (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
Wednesday compared with 6.21 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.52 percent on Wednesday. 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(07/08/17)   24.25/25.75    04.41/04.68   05.66/05.93
  2M(07/09/17)   50.00/51.50    04.55/04.68   05.83/05.97
  3M(10/10/17)   76.75/78.75    04.56/04.67   05.89/06.01
  6M(08/01/18)  149.25/151.25   04.55/04.61   06.06/06.12
  1Y(09/07/18)  293.50/295.50   04.51/04.54   06.37/06.40
    Spot rate : 1$ = 64.7209 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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