July 16, 2012 / 10:39 AM / 5 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.14 pct

Jul 16 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.14 percent on
Monday compared with 7.16 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
8.05 percent on Monday. 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(21/08/12)   37.00/38.75    07.23/07.57   07.49/07.83
  2M(18/09/12)   67.00/68.75    07.18/07.37   07.53/07.72
  3M(18/10/12)   95.75/97.75    06.92/07.06   07.39/07.53
  6M(18/01/13)  174.50/176.50   06.30/06.38   07.07/07.14
  1Y(18/07/13)  311.25/313.25   05.67/05.70   06.81/06.85

    Spot rate : 1$ = 54.9180 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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