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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.59 pct
May 3, 2017 / 11:03 AM / 5 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.59 pct

  May 3 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.59 percent on
Wednesday compared with 6.62 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
6.04 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(05/06/17)   27.00/28.25    04.96/05.19   05.97/06.20
  2M(05/07/17)   54.00/55.50    05.04/05.18   06.11/06.25
  3M(07/08/17)   83.50/85.25    05.05/05.16   06.26/06.36
  6M(06/11/17)  164.00/166.00   05.04/05.11   06.53/06.59
  1Y(07/05/18)  326.25/328.25   05.06/05.09   06.94/06.98
    Spot rate : 1$ = 64.1439 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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