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India FIMMDA-Thomson Reuters-MIFOR for six mths 6.80 pct
November 8, 2012 / 11:47 AM / 5 years ago

India FIMMDA-Thomson Reuters-MIFOR for six mths 6.80 pct

Nov 8 (Reuters) -The FIMMDA-Thomson Reuters Mumbai Inter-bank
Forward Offered rate for six months based on the
implied yield using dollar-rupee premium is 6.80 percent on
Thursday compared with 6.85 percent the previous day.

    The FIMMDA-Thomson Reuters Mumbai rupee overnight offered
rate(MITOR) based on the cash-spot dollar rupee premium was
7.90 percent on Thursday. One-month, two-month, three-month,
six-month and one-year swaps and benchmark rates are given in
the table below.
--------------------------------------------------------------
    Period      SWAP DIFFERENCE    PREMIUM        MIFOR
                   dlr/rupee      In percent    Implied rupees
  (Spot to)       (paise)       (annualised)  Interest rates(%)
--------------------------------------------------------------
  1M(17/12/12)   33.25/34.50    06.97/07.23   07.18/07.44
  2M(15/01/13)   61.25/62.75    06.73/06.90   07.00/07.16
  3M(15/02/13)   88.50/90.00    06.45/06.56   06.77/06.88
  6M(15/05/13)  166.75/168.75   06.18/06.25   06.73/06.80
  1Y(15/11/13)  304.25/306.25   05.59/05.63   06.51/06.55

    Spot rate : 1$ = 54.4403 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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