December 16, 2016 / 11:54 AM / 7 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 5.75 pct

2 Min Read

Dec 16 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 5.75 percent on
Friday compared with 5.64 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.60 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(20/01/17)   22.75/24.25    03.95/04.21   04.70/04.96
  2M(21/02/17)   48.00/50.00    04.10/04.27   04.93/05.10
  3M(20/03/17)   69.00/71.00    04.13/04.25   05.15/05.27
  6M(20/06/17)  146.25/148.25   04.33/04.39   05.69/05.75
  1Y(20/12/17)  290.50/292.50   04.29/04.32   06.08/06.11
    Spot rate : 1$ = 67.7777 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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