December 29, 2016 / 11:49 AM / 7 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 5.78 pct

2 Min Read

Dec 29 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 5.78 percent on
Thursday compared with 5.69 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
3.61 percent on Thursday. 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(03/02/17)   20.25/21.75    03.50/03.76   04.28/04.54
  2M(03/03/17)   42.75/44.50    03.88/04.04   04.72/04.88
  3M(03/04/17)   76.00/77.75    04.52/04.63   05.55/05.65
  6M(03/07/17)  147.25/149.25   04.36/04.42   05.72/05.78
  1Y(03/01/18)  293.25/295.25   04.30/04.33   06.09/06.12
    Spot rate : 1$ = 68.1241 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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