Reuters logo
India FIMMDA-Thomson Reuters-MIFOR for six mths 6.62 pct
May 30, 2012 / 10:48 AM / 5 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.62 pct

May 30 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank	
Forward Offered rate for six months based on the	
implied yield using dollar-rupee premium is 6.62 percent on	
Wednesday compared with 6.78 percent the previous day.	
	
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered	
rate(MITOR) based on the cash-spot dollar rupee premium was	
7.97 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(03/07/12)   35.50/36.75    07.23/07.48   07.47/07.73	
  2M(01/08/12)   65.00/66.75    06.94/07.13   07.30/07.49	
  3M(04/09/12)   98.25/100.00   06.74/06.86   07.22/07.34	
  6M(03/12/12)  164.00/166.00   05.78/05.85   06.55/06.62	
  1Y(03/06/13)  287.25/289.25   05.10/05.14   06.24/06.28	
	
    Spot rate : 1$ = 56.0060 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below