May 16, 2017 / 11:01 AM / 2 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.47 pct

2 Min Read

  May 16 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.47 percent on
Tuesday compared with 6.43 percent the previous day.
    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
5.99 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(19/06/17)   27.50/29.00    04.90/05.16   05.91/06.18
  2M(18/07/17)   53.25/55.00    04.97/05.14   06.08/06.24
  3M(18/08/17)   80.50/82.50    04.98/05.11   06.20/06.32
  6M(20/11/17)  161.00/163.00   04.93/04.99   06.41/06.47
  1Y(18/05/18)  315.75/317.75   04.93/04.96   06.78/06.82
    Spot rate : 1$ = 64.0758 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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