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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.99 pct
October 18, 2016 / 10:51 AM / a year ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.99 pct

Oct 18 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 6.99 percent on
Tuesday compared with 7.04 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.54 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(21/11/16)   34.50/36.00    05.90/06.15   06.43/06.69
  2M(20/12/16)   64.50/66.25    05.78/05.94   06.46/06.62
  3M(20/01/17)   95.50/97.25    05.68/05.78   06.58/06.69
  6M(20/04/17)  187.00/189.00   05.62/05.68   06.93/06.99
  1Y(23/10/17)  362.00/364.00   05.38/05.41   07.06/07.09
    Spot rate : 1$ = 66.7268 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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