May 2, 2017 / 11:02 AM / 3 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.62 pct

2 Min Read

  May 2 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.62 percent on
Tuesday compared with 6.66 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.07 percent on Tuesday. 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(05/06/17)   28.00/29.50    04.97/05.24   05.99/06.25
  2M(05/07/17)   55.25/57.00    05.07/05.23   06.13/06.29
  3M(04/08/17)   82.25/84.25    05.08/05.21   06.29/06.41
  6M(06/11/17)  165.75/167.75   05.07/05.13   06.56/06.62
  1Y(04/05/18)  326.25/328.25   05.08/05.11   06.98/07.01
    Spot rate : 1$ = 64.2072 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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