October 7, 2013 / 10:49 AM / 4 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 9.38 pct

Oct 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 9.38 percent on
Monday compared with 9.16 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
10.31 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(12/11/13)   57.00/58.75    09.91/10.21   10.08/10.39
  2M(09/12/13)   99.25/101.50   09.61/09.83   09.83/10.05
  3M(09/01/14)  145.50/148.25   09.34/09.52   09.60/09.77
  6M(09/04/14)  273.00/277.00   08.86/08.99   09.25/09.38
  1Y(09/10/14)  475.00/480.00   07.69/07.77   08.37/08.45

    Spot rate : 1$ = 61.7760 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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