July 14, 2015 / 10:54 AM / 2 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.67 pct

Jul 14 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 7.67 percent on
Tuesday compared with 7.68 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
7.21 percent on Tuesday. 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(17/08/15)   39.00/40.50    07.01/07.28   07.20/07.47
  2M(16/09/15)   76.50/78.25    07.09/07.25   07.34/07.50
  3M(16/10/15)  114.50/116.50   07.15/07.28   07.45/07.58
  6M(19/01/16)  231.75/233.75   07.12/07.19   07.61/07.67
  1Y(18/07/16)  451.75/453.75   07.06/07.09   07.90/07.93

    Spot rate : 1$ = 63.4978 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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