March 7, 2013 / 11:54 AM / in 5 years

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.60 pct

Mar 7 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.60 percent on
Thursday compared with 7.56 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
8.23 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(12/04/13)   41.00/42.50    08.54/08.86   08.75/09.06
  2M(13/05/13)   75.00/76.50    07.94/08.10   08.19/08.34
  3M(11/06/13)  105.50/107.00   07.65/07.76   07.94/08.05
  6M(11/09/13)  194.75/196.75   07.06/07.13   07.53/07.60
  1Y(11/03/14)  353.75/355.75   06.46/06.50   07.26/07.29

    Spot rate : 1$ = 54.7393 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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