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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.51 pct
May 11, 2017 / 11:02 AM / 4 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.51 pct

May 11 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.51 percent on
Thursday compared with 6.50 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.96 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(15/06/17)   26.75/28.00    04.89/05.12   05.89/06.12
  2M(17/07/17)   55.00/57.00    04.95/05.12   06.05/06.23
  3M(16/08/17)   81.75/83.75    04.98/05.10   06.19/06.31
  6M(15/11/17)  160.75/162.75   04.95/05.01   06.44/06.51
  1Y(15/05/18)  320.00/322.00   04.97/05.00   06.87/06.90
    Spot rate : 1$ = 64.4380 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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