December 10, 2012 / 11:48 AM / 5 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.12 pct

Dec 10 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.12 percent on
Monday compared with 7.10 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 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(14/01/13)   35.25/36.25    07.17/07.38   07.39/07.59
  2M(12/02/13)   63.50/65.50    06.88/07.10   07.14/07.36
  3M(12/03/13)   89.50/91.50    06.68/06.83   07.00/07.15
  6M(12/06/13)  176.25/178.25   06.50/06.58   07.05/07.12
  1Y(12/12/13)  322.25/324.25   05.93/05.97   06.85/06.88

    Spot rate : 1$ = 54.3405 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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