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India FIMMDA-Thomson Reuters-MIFOR for six mths 8.25 pct
March 14, 2012 / 11:43 AM / 6 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 8.25 pct

Mar 14 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank	
Forward Offered rate for six months based on the	
implied yield using dollar-rupee premium is 8.25 percent on	
Wednesday compared with 8.32 percent the previous day.	
	
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered	
rate(MITOR) based on the cash-spot dollar rupee premium was	
8.91 percent on Wednesday. One-month, two-month, three-month,	
six-month and one-year swaps and benchmark rates are given in	
the table below.	
--------------------------------------------------------------	
    Period      SWAP DIFFERENCE    PREMIUM        MIFOR	
                   dlr/rupee      In percent    Implied rupees	
  (Spot to)       (paise)       (annualised)  Interest rates(%)	
--------------------------------------------------------------	
  1M(16/04/12)   41.50/43.00    09.79/10.15   10.04/10.39	
  2M(16/05/12)   74.00/75.75    08.87/09.08   09.23/09.44	
  3M(18/06/12)  108.50/110.50   08.44/08.60   08.93/09.09	
  6M(17/09/12)  187.00/189.00   07.39/07.47   08.18/08.25	
  1Y(18/03/13)  312.25/314.25   06.22/06.26   07.36/07.40	
	
    Spot rate : 1$ = 49.9030 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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