January 10, 2013 / 11:49 AM / 5 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.20 pct

Jan 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 7.20 percent on
Thursday compared with 7.17 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 Thursday. 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(14/02/13)   33.00/34.25    07.11/07.38   07.32/07.59
  2M(14/03/13)   62.00/63.50    07.02/07.19   07.28/07.45
  3M(15/04/13)  98.75/100.50    07.25/07.38   07.57/07.69
  6M(15/07/13)  180.00/182.00   06.61/06.68   07.13/07.20
  1Y(15/01/14)  324.25/326.25   05.92/05.96   06.80/06.84

    Spot rate : 1$ = 54.6305 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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