May 17, 2017 / 11:03 AM / 3 months ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.53 pct

May 17 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate          for six months based on the
implied yield using dollar-rupee premium is 6.53 percent on
Wednesday compared with 6.47 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 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(19/06/17)   27.00/28.25    04.97/05.20   05.99/06.22
  2M(19/07/17)   53.50/55.50    05.00/05.19   06.10/06.29
  3M(21/08/17)   83.00/85.00    05.03/05.16   06.24/06.37
  6M(20/11/17)  162.25/164.25   05.00/05.06   06.47/06.53
  1Y(21/05/18)  321.50/323.50   04.99/05.03   06.84/06.87
    Spot rate : 1$ = 64.0214 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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