March 9, 2016 / 11:59 AM / a year ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 8.21 pct

Mar 9 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 8.21 percent on
Wednesday compared with 8.03 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
8.17 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(11/04/16)   50.25/51.50    08.77/08.99   09.22/09.44
  2M(11/05/16)   89.50/91.50    07.94/08.12   08.47/08.65
  3M(13/06/16)  131.25/133.25   07.55/07.67   08.21/08.33
  6M(12/09/16)  246.50/248.50   07.21/07.27   08.15/08.21
  1Y(14/03/17)  451.25/453.25   06.63/06.66   07.94/07.97
    Spot rate : 1$ = 67.4632 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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