May 4, 2017 / 11:00 AM / 5 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.54 pct

  May 4 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.54 percent on
Thursday compared with 6.59 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.87 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(08/06/17)   26.50/27.75    04.86/05.09   05.87/06.10
  2M(10/07/17)   55.00/56.75    04.96/05.12   06.05/06.20
  3M(08/08/17)   81.00/82.75    05.00/05.11   06.22/06.32
  6M(08/11/17)  161.25/163.25   04.98/05.04   06.47/06.54
  1Y(08/05/18)  322.00/324.00   05.01/05.05   06.91/06.94
    Spot rate : 1$ = 64.2115 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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