February 22, 2017 / 11:49 AM / in 5 months

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.45 pct

2 Min Read

Feb 22 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.45 percent on
Wednesday compared with 6.40 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.85 percent on Wednesday. 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(27/03/17)   25.00/26.25    04.87/05.11   05.66/05.90
  2M(27/04/17)   58.25/60.00    05.38/05.54   06.26/06.42
  3M(30/05/17)   87.25/89.00    05.17/05.27   06.25/06.36
  6M(28/08/17)  166.00/168.00   04.97/05.03   06.39/06.45
  1Y(27/02/18)  318.25/320.25   04.75/04.78   06.61/06.64
    Spot rate : 1$ = 66.9644 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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