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India FIMMDA-Thomson Reuters-MIFOR for six mths 7.04 pct
October 14, 2016 / 11:18 AM / a year ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 7.04 pct

Oct 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 7.04 percent on
Friday compared with 7.03 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.60 percent on Friday. 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(18/11/16)   34.00/35.50    05.99/06.25   06.53/06.80
  2M(19/12/16)   66.50/68.00    05.86/05.99   06.53/06.66
  3M(18/01/17)   96.50/98.50    05.73/05.85   06.63/06.75
  6M(18/04/17)  188.75/190.75   05.66/05.72   06.98/07.04
  1Y(18/10/17)  361.75/363.75   05.41/05.44   07.11/07.14
    Spot rate : 1$ = 66.8481 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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