August 13, 2014 / 10:48 AM / 3 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 8.85 pct

Aug 13 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 8.85 percent on
Wednesday compared with 8.84 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
8.44 percent on Wednesday. One-month, two-month, three-month,
six-month and one-year swaps and benchmark rates are given in
the table below.
--------------------------------------------------------------

                   dlr/rupee      In percent    Implied rupees
  (Spot to)       (paise)       (annualised)  Interest rates(%)
--------------------------------------------------------------
  1M(19/09/14)   43.50/45.00    08.36/08.65   08.52/08.81
  2M(20/10/14)   87.50/89.50    08.41/08.60   08.61/08.80
  3M(19/11/14)  130.00/131.75   08.42/08.53   08.66/08.78
  6M(20/02/15)  261.75/263.75   08.43/08.50   08.78/08.85
  1Y(19/08/15)  501.50/503.50   08.19/08.22   08.80/08.83

    Spot rate : 1$ = 61.2458 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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