February 23, 2017 / 11:52 AM / 5 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.43 pct

2 Min Read

  Feb 23 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.43 percent on
Thursday compared with 6.45 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.48 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(31/03/17)   27.00/28.25    04.76/04.98   05.55/05.77
  2M(28/04/17)   57.75/59.50    05.35/05.51   06.22/06.38
  3M(31/05/17)   86.50/88.50    05.13/05.25   06.22/06.33
  6M(31/08/17)  167.00/169.00   04.96/05.02   06.37/06.43
  1Y(28/02/18)  317.75/319.75   04.75/04.78   06.61/06.64
    Spot rate : 1$ = 66.8351 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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