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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.39 pct
February 10, 2017 / 11:48 AM / 7 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.39 pct

  Feb 10 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.39 percent on
Friday compared with 6.38 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.08 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(14/03/17)   25.75/27.25    05.01/05.31   05.80/06.09
  2M(17/04/17)   62.75/64.50    05.52/05.67   06.38/06.54
  3M(15/05/17)   88.25/90.00    05.35/05.45   06.41/06.52
  6M(14/08/17)  164.00/166.00   04.94/05.00   06.33/06.39
  1Y(14/02/18)  312.25/314.25   04.66/04.69   06.47/06.50
    Spot rate : 1$ = 66.9367 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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